Parthus announces Q1 2001 results
In Q1 licensing and royalty revenue grew 53% year-on-year to $8.9m (€10m), up sequentially from $8.7m (€9.8m), Parthus announced today.
Total revenue increased from $9.8m (€11m) to $10.7m (€12.1m).
During the quarter the company made six new licensing agreements with four new customers.
The company continued to make a slight loss and its loss per ordinary share was $0.004 or $2.4m (€2.7m).
Loss from operations decreased 26% sequentially and there was a 8% sequential reduction in operating cost base.
Gross margins grew to 76% up 1% over the fourth quarter 2001 and a 12% increase year on year.
The company still hopes to become profitable in 2002.
Commenting on the proposed merger with Ceva, the IP licensing subsidiary of DSP Group, Brian Long, CEO of Parthus said: "The merger will address two major converging trends in our industry.
"First, the industry is moving towards open-standard RISC and DSP processor architectures, away from traditional proprietary solutions.
"Secondly, increased product complexity and shrinking market-windows have led to growth in licensing the complete platform level-IP solution."
Parthus-Ceva will combine a supplier of open-standard DSP cores with a supplier of platform level-IP solutions.
