Volterra Reports Third-Quarter 2005 Financial Results
Volterra Semiconductor Corp. (Fremont, CA), a provider of analog and mixed-signal power management semiconductors, reported financial results for its second quarter ended September 30, 2005. Net revenue for the third quarter of 2005 was $12.5 million, down slightly from net revenue of $12.6 million for the third quarter of 2004, and a six-percent sequential decrease from net revenue of $13.2 million for the second quarter of 2005. Net income was $0.6 million, or $0.02 per share (diluted), for the third quarter of 2005, compared with net income of $1.5 million, or $0.06 per share (diluted), for the third quarter of 2004.
Volterra also reported net income and basic and diluted net income per share on a non-GAAP-basis. Non-GAAP net income was $0.7 million, or $0.03 per share (diluted), for the third quarter of 2005, compared to non-GAAP net income of $1.7 million, or $0.07 per share (diluted), for the third quarter of 2004.
"Our third-quarter financial results were in line with the guidance we gave in July," said Volterra President and CEO Jeff Staszak. "While the ramp in our graphics business was delayed this quarter, we expect solid revenue contribution from our existing customers, as well as our new customer ATI next quarter and continuing into 2006. Additionally, we will begin to see activity in the server and consumer markets as our customers ramp their new products later this year and early in 2006."