This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

MIPS Technologies Reports Fourth Quarter And Fiscal 2012 Financial Results

SUNNYVALE, Calif., Aug. 15, 2012 (GLOBE NEWSWIRE) -- MIPS Technologies, Inc. (Nasdaq:MIPS), a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications, today reported consolidated financial results for its fourth fiscal quarter and fiscal year ended June 30, 2012. All financial results are reported in U.S. GAAP unless otherwise noted.

Selected Fiscal 2012 Financial Highlights:

  • Revenue was $86.2 million, a year-to-year increase of five percent
  • Licensee royalty units grew to 708 million units from 656 million units in FY'11
  • Non-GAAP net income was $21.8 million
  • Non-GAAP EPS was $0.40
  • Cash and investment balances ended the year at $110.9 million

Fourth Quarter Fiscal 2012 Financial Details:

Revenue from royalties was $10.6 million, while license revenue was $27.8 million, including the Broadcom license. The Company's fiscal Q4'12 GAAP net income was $17.3 million or $0.31 per share compared to a net loss of $2.5 million and $0.05 per share in the third quarter of fiscal 2012.

Non-GAAP net income in the fourth quarter of fiscal 2012, which excludes certain stock and non-recurring charges, was $19.2 million or $0.35 per share, compared with a loss of $0.8 million or $0.01 per share in the third quarter of fiscal 2012. The tables below provide a reconciliation of non-GAAP measures used in this press release to the corresponding GAAP results.

"In the fourth quarter, we signed one of the largest licensing agreements in MIPS Technologies' history. This license is the first tangible result of our strategic efforts around patent monetization, and we continue to consider all of our options in this area. In Q4 we also entered a new era of product innovation with the announcement of our new Aptiv™ Generation of microprocessors, which push performance and efficiency to new levels," said Sandeep Vij, chief executive officer, MIPS Technologies.

1 of 4

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs