Catalyst Semiconductor Inc. (Sunnyvale, CA), a developer and marketer of programmable products used in telecommunications, automotive and consumer markets, reported financial results for its fiscal first quarter ended July 31, 2004. Gross margin for the quarter ended July 31, 2004, was 51.9%, compared to 37.2% for the quarter ended July 31, 2003, and 49.0% for the quarter ended April 30, 2004.
For the fiscal first quarter ended July 31, 2004, Catalyst had net income of $2.2 million, or $0.12 per diluted share, on revenues of $16.7 million. This compares with net income of $920,000, or $0.05 per diluted share, on revenues of $13.8 million in the quarter ended July 31, 2003. In the quarter ended April 30, 2004, Catalyst reported net income of $5.6 million, or $0.29 per diluted share, on revenues of $16.8 million.
Revenues from analog/mixed signal products were $766,000, or 4.6% of revenues, in the quarter ended July 31, 2004, compared with $277,000, or 2.0% of revenues, in the quarter ended July 31, 2003, and $490,000, or 2.9% of revenues, in the quarter ended April 30, 2004.
