Market Overview

Silicon Image Reports Q4 EPS of $0.07 vs. $0.03

Silicon Image, Inc. (NASDAQ: SIMG) today reported financial results for its fourth quarter and fiscal year ended December 31, 2010.

Revenue for the fourth quarter of 2010 was $52.0 million, compared to $60.5 million for the third quarter of 2010 and $35.6 million for the fourth quarter of 2009. Revenue for the third quarter of 2010 included a benefit of $7.5 million royalty revenue catch-up. Excluding the royalty catch-up, revenue for the third quarter of 2010 would have been $53.0 million. Revenue for the 2010 fiscal year increased 27% to $191.3 million from $150.6 million for 2009.

Non-GAAP net income for the fourth quarter of 2010 was $5.3 million, or $0.07 per diluted share, compared to $13.7 million, or $0.18 per diluted share, for the third quarter of 2010 and a non-GAAP net loss of $5.0 million, or $0.07 per share, for the fourth quarter of 2009. Non-GAAP net income for the 2010 fiscal year was $17.3 million, or $0.22 per diluted share, compared to a net loss of $16.3 million, or $0.22 per share, for 2009.

Posted-In: Earnings News

 

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