Advertisement

News Wire

TranSwitch Posts Q4

SHELTON, Conn. — TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions for the converging voice, data and video network, today announced financial results for the fourth quarter ended December 31, 2010.

Net revenues for the fourth quarter of 2010 were approximately $10.1 million, as compared to net revenues of $12.8 million for the third quarter of 2010 and $12.1 million for the fourth quarter of 2009. GAAP net loss for the fourth quarter of 2010 was ($1.8) million, or ($0.08) per basic and diluted common share as compared to a net loss of ($1.8) million, or ($0.08) per basic and diluted common share, during the third quarter of 2010 and a net loss of ($12.7) million, or ($0.64) per basic and diluted common share during the fourth quarter of 2009.

The GAAP gross margin for the fourth quarter was 64%. This is compared to the Company's GAAP gross margin of 56% for the third quarter of 2010, and 53% for the fourth quarter of 2009.

Total non-GAAP operating expenses for the fourth quarter of fiscal 2010 were $7.3 million, as compared to $6.6 million in the third quarter of fiscal 2010 and $8.6 million in the fourth quarter of 2009. Total GAAP operating expenses for the fourth quarter of fiscal 2010 were $8.0 million which included expenses of $0.4 million in amortization of purchase price intangibles and $0.7 million in stock-based compensation along with a benefit of $0.4 million from the reversal of accrued royalties.

Non-GAAP operating loss for the fourth quarter of fiscal 2010 was ($0.9) million, compared to non-GAAP operating income of $0.6 million for the third quarter of fiscal 2010 and a non-GAAP operating loss of ($2.1) million for the fourth quarter of 2009. On a GAAP basis, the operating loss for the fourth quarter of fiscal 2010 was ($1.6) million, compared to an operating loss of ($0.4) million for the third quarter of fiscal 2010 and an operating loss of ($12.6) million for the fourth quarter of 2009.

Non-GAAP net loss for the fourth quarter was ($1.1) million, or ($0.05) per share compared with a non-GAAP net loss of ($0.8) million, or ($0.04) per share, for the third quarter of 2010 and a non-GAAP net loss of ($2.2) million, or ($0.11) per share, for the fourth quarter of 2009. The non-GAAP net loss for the fourth quarter of 2010 excluded expenses of $0.4 million in amortization of purchase price intangibles and $0.7 million in stock-based compensation along with a benefit of $0.4 million from the reversal of accrued royalties.

{complink 5835|TranSwitch Corp.}

0 comments on “TranSwitch Posts Q4

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.