Wednesday, March 24, 2010

Pixelplus Reports Q4 2009 Results

PR Newswire: Pixelplus revenue for the Q4 2009 was 6.0 billion Korean won (US$5.1 million), compared to 3.6 billion Korean won (US$3.1 million) in the third quarter of fiscal 2009, and 4.5 billion Korean won (US$3.9 million) in the fourth quarter of fiscal 2008.

Net income in the fourth quarter of fiscal 2009 was 2.0 billion Korean won (US$1.7 million), compared to a net income of 0.17 billion Korean won (US$0.15 million), in the third quarter of fiscal 2009, and a net loss of 5.8 billion Korean won (US$5.0 million), in the fourth quarter of fiscal 2008.

The company sold roughly 4.0 million image sensors in the fourth quarter of 2009, which represented an increase of about 1.5 million from its sale of around 2.5 million units in the third quarter of 2009. Separately, the company furnished approximately 0.1 million image sensors arising from its supply of services to a leading Japanese module maker in the fourth quarter of 2009, which represented a decrease of about 0.2 million units from its supply of around 0.3 million units in the third quarter of 2009.

Gross margin for the fourth quarter of fiscal 2009 was 44.5%, compared to 32.2% in the third quarter of fiscal 2009. The company's increase in gross margin was mainly due to its sale of high margin-driven products and excess inventory accrued in the fourth quarter of fiscal 2008.

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