MIPS Technologies Inc. (Mountain View, CA) reported financial results for its fourth quarter and fiscal year ended June 30, 2005. Revenue for the fiscal year 2005 grew 28 percent in both royalties and contract revenue compared to fiscal year 2004. Total revenue for the fourth quarter of fiscal 2005 was $14.3 million compared to $14.2 million for the same quarter a year ago.
Royalties were $7.1 million, an increase of nine percent compared to $6.5 million in the same quarter a year ago. Contract revenue was $7.2 million, a decrease of six percent compared to $7.7 million in the comparable period in fiscal 2004.
Net income for the fourth quarter of fiscal 2005 was $2.7 million compared to a net income of $2.6 million for the same quarter a year ago. Net income per share on a diluted basis for the fourth quarter of fiscal 2005 was $0.06 compared to a net income per share on a diluted basis of $0.06 for the same quarter a year ago.
Total revenue for fiscal year 2005 was $61.2 million, an increase of 28 percent compared to $47.9 million in fiscal 2004. Royalties were $30.0 million, an increase of 28 percent compared to $23.4 million in fiscal 2004. Contract revenue was $31.2 million, an increase of 28 percent compared to $24.4 million in 2004. Net income for fiscal 2005 was $13.4 million compared to a net loss of $1.5 million in fiscal 2004. Fiscal 2005 net income per share on a diluted basis was $0.30 compared to a net loss per share of $0.04 in fiscal 2004.
