This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs