Silicon Image Achieves Revenue Growth and Profitability in the Second Quarter
Silicon Image, Inc. (NASDAQ: SIMG), a leader in semiconductors and intellectual property (IP) for the secure distribution, presentation and storage of high-definition (HD) content, today reported financial results for its second quarter ended June 30, 2010.
Revenue for the second quarter of 2010 was $44.6 million compared to $34.3 million for the first quarter of 2010 and $37.3 million for the second quarter of 2009.
GAAP net income for the second quarter of 2010 was $1.8 million, or $0.02 per diluted share, compared to a net loss of $7.2 million, or $0.10 per diluted share, for the first quarter of 2010 and net loss of $13.3 million, or $0.18 per diluted share, for the second quarter of 2009. GAAP net loss for the second quarter of 2009 includes pre-tax restructuring expenses of $7.1 million.
- Published: 28 July 2010
- Written by Editor