Spreadtrum Communications, Inc. Announces Second Quarter Results

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Spreadtrum Communications, Inc. (Nasdaq: SPRD) today announced its unaudited financial results for the second quarter ended June 30, 2010.Revenue in 2Q10 totaled US$71.4 million, up from US$52.1 million in 1Q10 and US$16.2 million in 2Q09. Gross profit for the quarter was US$31.9 million, up 34% from US$23.7 million in 1Q10 and up from US$3.8 million in 2Q09. Gross margin for the quarter was 44.6%, down from 45.5% in 1Q10 and up from 23.6% in 2Q09. Non-GAAP gross margin, adjusted to exclude share-based compensation, was 44.7%, a sequential decrease from 45.7% in 1Q10 and a year-over-year increase from 24.0% in 2Q09.

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