Sigma Designs Reports First Quarter Fiscal 2010 ResultsWednesday, May 27th, 2009
MILPITAS, Calif. — Sigma Designs®, Inc. (NASDAQ: SIGM), a leading provider of highly integrated system-on-chip, or SoC, solutions that are used to deliver multimedia entertainment throughout the home, today reported financial results for its first fiscal quarter ended May 2, 2009.
Net revenue for the first quarter was $51.2 million, up $3.9 million, or 8%, from $47.3 million in the previous quarter and down $5.7 million, or 10%, from $56.9 million reported for the same period last year.
First Quarter Highlights
- Announced that Sigma’s highly integrated SMP8654 media processors will be used to power Celrun’s TD-1100 set-top box (STB), which has been selected by telecom provider LG Dacom to be deployed throughout Korea.
- Announced that Z-Wave technology has reached a new milestone by providing IP interoperability. As part of a public showing which took place at Interop 2009, Sigma announced complete interoperability between its Z-Wave wireless home control standard and IP (Internet Protocol), with the single chip “IP-Wave” solution demonstrated in real products for energy management, remote home monitoring and security.