COLORADO SPRINGS, Colo. — U.S. semiconductor maker Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, today reported total revenue of $16.1 million for the fourth quarter of 2010, compared with total revenue of $14.4 million for the same quarter last year. Net income for the fourth quarter of 2010 was $471,000, or $0.02 per share, compared with net income of $755,000, or $0.03 per share, for the fourth quarter of 2009. Fourth-quarter 2010 results included a non-cash stock-based compensation expense of $420,000, and an income tax provision of $230,000.
Fourth-Quarter Revenue and Product Highlights :
“Strong demand during the fourth quarter combined with a delay in bringing up low-density replacement products at our new foundry exacerbated the supply constraints that materialized in the third quarter,” said Ramtron CEO, Eric Balzer. “As a result, our revenue declined from the third quarter. To ease these supply constraints, we have increased the number of products that we are manufacturing at our established foundry. These products are now shipping in modest volume as we work with our established foundry to increase wafer production to meet demand.”
We anticipate that our wafer capacity will catch up with demand beginning in the second half of the year,” Balzer continued. “For 2011, our production plans and revenue targets are based only on the capabilities of our established foundry as we continue to work to bring up our newest manufacturing line.”