News

Alliance Semi Reports Second-Quarter 2003 Results

October 26, 2003 by Jeff Shepard

Alliance Semiconductor Corp. (Santa Clara, CA) reported financial results for the second fiscal quarter of 2004 ended September 30, 2003. The company reported revenues of $5.6 million, compared to $5.1 million in the previous quarter and $4.1 million for the second quarter of 2003. Revenue from the non-memory business units represented approximately 35% of total revenue, compared to 32% in the previous quarter.

The net loss for the second quarter was $4.5 million, or $0.13 per share, compared to a net loss of $13 million, or $0.37 per share, for the previous quarter, and a net loss of $21.7 million, or $0.56 per share, for the second quarter of 2003. Operating expenses for the quarter were $11 million, compared to $10.6 million in the previous quarter, and $11.1 million for the second quarter of fiscal 2003.