Volterra Reports Fourth Quarter Results, Record Annual Net Revenue And Tenth Consecutive Year Of Growth
FREMONT, Calif., Jan. 24, 2011 (GLOBE NEWSWIRE) -- Volterra Semiconductor Corporation (Nasdaq:VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, today reported financial results for its fourth quarter and fiscal year ended December 31, 2010.
For the full year 2010, Volterra reported record annual net revenue of $153.6 million, an increase of 46% from annual net revenue of $104.9 million in 2009. GAAP net income was $28.4 million, or $1.10 per share (diluted), for the fiscal year ended December 31, 2010, an increase of 160% from GAAP net income of $10.9 million, or $0.45 per share (diluted), for the fiscal year ended December 31, 2009. Non-GAAP net income was $35.1 million, or $1.35 per share (diluted), for the fiscal year ended December 31, 2010, an increase of 115% from non-GAAP net income of $16.3 million, or $0.67 per share (diluted), for the fiscal year ended December 31, 2009.
Net revenue for the fourth quarter of 2010 was $35.5 million, a 4% increase over net revenue of $34.2 million for the fourth quarter of 2009, and a 14% decrease from net revenue of $41.6 million for the third quarter of 2010. GAAP net income was $3.4 million, or $0.13 per share (diluted), for the fourth quarter of 2010, a 51% decrease from GAAP net income of $7.0 million, or $0.28 per share (diluted), for the fourth quarter of 2009 and a 59% decrease from GAAP net income of $8.4 million, or $0.32 per share (diluted), for the third quarter of 2010.
Volterra also reported net income and basic and diluted net income per share on a non-GAAP basis. Non-GAAP net income excludes the effect of stock-based compensation expense, net of tax. Non-GAAP net income was $5.4 million, or $0.21 per share (diluted), for the fourth quarter of 2010, a 36% decrease from non-GAAP net income of $8.4 million, or $0.34 per share (diluted), for the fourth quarter of 2009 and a 46% decrease from non-GAAP net income of $10.2 million, or $0.39 per share (diluted), for the third quarter of 2010.Select the service that is right for you!
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