Alliance Semi Reports First-Quarter 2003 Results
Alliance Semiconductor Corp. (Santa Clara, CA) reported financial results for the first fiscal quarter of 2004 ended June 30, 2003. The company reported revenues of $5.1 million, compared to $5.1 million in the previous quarter and $4.3 million for the first quarter of fiscal 2003. The non-memory business units represented 32% of the company's total revenue compared to 39% in the previous quarter.
The net loss for the first quarter was $13 million, or $0.37 per share, compared to a net loss of $25.5 million, or $0.72 per share, for the previous quarter, and a net loss of $15.3 million, or $0.38 per share, in the same quarter last year. Operating expenses for the quarter were $10.6 million, a decrease from the $12.1 million reported in the fourth quarter of fiscal 2003. Operating expenses for the fourth quarter of fiscal 2003 included a one-time charge of $1.6 million related to the acquisition of Chip Engines Inc.