Entropic reports first quarter 2014 results

SAN DIEGO — Entropic (Nasdaq:ENTR), a world leader in semiconductor solutions for the connected home, today reported its first quarter results for the period ended March 31, 2014. Entropic reported first quarter net revenues of $55.7 million. This compares to net revenues of $57.9 million in the fourth quarter of 2013, and $74.5 million in the first quarter of 2013.

Awards and Milestones

• Entropic Reached a Major Multimedia over Coax Alliance (MoCA®) 2.0 Milestone, with the NETGEAR® WM2500RP MoCA-to-WiFi® Extender, Powered by Entropic’s EN2710 MoCA 2.0 Solution, Being the First MoCA 2.0 Certified Product Available in the Market
• Entropic Announced it Shipped More Than Five Million Set-Top Box (STB) System-on-a-Chip (SoC) Solutions for North American Cable Operator HD-DTAs (High-Definition Digital Transport Adapters)

Technology Innovation

• Entropic Introduced its EN7305, A Fully-Integrated, Cost-Optimized IP-Client System-on-a-Chip (SoC) that Enables Highest Quality Video Delivery and Playback with HEVC and MoCA 2.0
• Entropic Brought MoCA Home Networking into the China Market with the Introduction of the EN231x
• Entropic Announced Availability of Its Open RDK Platform, Leveraging the OpenEmbedded Technology and the Yocto Project™ Development Environment, to Enable Operators to Minimize Software Diversity in their Reference Design Kit (RDK) STB Implementations

New Deployments

• Entropic and MTI Deployed Advanced Channel Stacking Switch Solutions into the Middle East Satellite Market

New Designs

• Eagle Kingdom Technologies Selected Entropic’s SoC for the World’s First Hybrid PowerPlug STB
• BigWhite Network Chose Entropic’s MoCA Technology for Reliable Home Networking in China
• China OEMs, Jetnet, Guangda and Yitong, Announced Adoption of Entropic’s c.LINK 1.1+ Broadband Access Ethernet-over-Coax (EoC) Solution

New Partnerships

• Entropic Completed Conax Certification for its Advanced STB SoC Solutions
• Entropic and UpdateLogic Leveraged Entropic’s Open RDK Platform to Integrate Device Management Services on STBs in Record Time
• Entropic and Opera Collaborated on the OpenEmbedded Technology to Bring Blink-Based Opera Software Development Kit (SDK) to RDK Implementations on Any STB