Volterra Reports Fourth Quarter and Fiscal Year 2005 Results
Volterra Semiconductor Corporation, a provider of high-performance analog and mixed-signal power management semiconductors, has reported financial results for its fourth quarter and fiscal year ended Dec. 31.
Net revenue for the fourth quarter of 2005 was $13.5 million versus net revenue of $14.6 million for the fourth quarter of 2004 and net revenue of $12.5 million for the third quarter of 2005. Net income was $1.3 million, or $0.05 per share (diluted), for the fourth quarter of 2005, compared with net income of $2.7 million, or $0.10 per share (diluted), for the fourth quarter of 2004.
"Our fourth-quarter financial results were in line with the guidance we gave in October," said Volterra President and Chief Executive Officer Jeff Staszak. "As predicted, our graphics business was buoyed with ATI's high-end performance ramp. We expect to see heightened activity in the server market in the first quarter and throughout 2006 as our customers ramp their new Intel Bensley-based products. Additionally, we expect solid revenue contribution from both NVIDIA and ATI in 2006."
For the full fiscal year 2005, net revenue increased to $53.9 million, an increase of 23% over net revenue of $43.9 million for the fiscal year 2004. Net income was $5.4 million or $0.21 per share (diluted), for fiscal 2005, compared to $5.1 million, or $0.22 per share (diluted), for fiscal 2004.
Volterra designs, develops, and markets silicon solutions for low-voltage power delivery. The company's product portfolio is focused on advanced switching regulators for the computer, datacom, storage, and portable markets. Volterra, a fabless semiconductor company, is focused on creating products with high intellectual property content that match specific customer needs.