Sigma Designs Reports Fourth Quarter and Fiscal 2009 ResultsWednesday, March 4th, 2009
MILPITAS, Calif. — Sigma Designs®, Inc. (NASDAQ:SIGM), a leading provider of highly integrated system-on-chip, or SoC, solutions used to deliver multimedia entertainment throughout the home, today reported financial results and business highlights for its fourth fiscal quarter and year ended January 31, 2009.
Revenue for fiscal 2009 was $209.2 million, a decrease of 5% from $221.2 million in the previous year. GAAP net income for fiscal 2009 was $26.4 million, or $0.95 per diluted share, compared to $70.2 million, or $2.46 per diluted share, for fiscal 2008. Non-GAAP net income for fiscal 2009 was $43.7 million, or $1.58 per diluted share, a decrease from $69.9 million, or $2.45 per share, for 2008.
Fourth Quarter Highlights
- Demonstrated an extensive range of high definition consumer technology solutions powered by the Sigma’s SoC solutions at CES 2009 in Las Vegas. Solutions included industry-leading technology featured in Blu-ray players with best in class VXP® studio video quality and interactive performance; Tru2way™ DOCSIS 3.0-based set-top boxes for IP-Cable; multiple ultra-wideband (UWB)-based connectivity solutions; and Z-Wave home automation wireless technology showcased at the Z-Wave alliance pavilion.
- Announced that we will integrate Adobe Flash Lite™ software, Adobe’s Flash Player for mobile phones and devices, into our SoC solutions for the most advanced digital television and web service capabilities in the digital home.
- Announced that our SMP8634 has been selected by Blusens, a leading provider of home digital entertainment products based in Spain, as the main processing unit in the Blusens “blu:brain” HDTV home entertainment device.
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