Catalyst Semiconductor Inc. (Sunnyvale, CA), a developer and marketer of programmable products used in telecommunications, networking systems, computation, automotive, industrial and consumer markets, reported financial results for its fiscal third quarter ended January 31, 2004. As of January 31, 2004, Catalyst had cash, cash equivalents and short-term investments of $34.9 million, an increase of $4.6 million versus the previous quarter.
For the quarter ended January 31, 2004, Catalyst had net income of $2.4 million, or $0.12 per diluted share, on revenues of $16.9 million. The company reported net income of $314,000, or $0.02 per diluted share, on revenues of $11.2 million in the year-ago quarter ended January 31, 2003, and net income of $426,000, or $0.02 per diluted share, on revenues of $16.0 million in the fiscal second quarter ended October 31, 2003.
