This Day On The Street
Continue to site
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

Tessera Technologies Announces Third Quarter 2012 Results

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company” or “we”) announced its results for the third quarter ended Sept. 30, 2012. Total revenue for the third quarter of 2012 was $72.7 million. Generally accepted accounting principles (GAAP) net loss for the third quarter of 2012 was $1.1 million, or $0.02 per basic share.

“During the third quarter of 2012, our Intellectual Property teams continued to demonstrate infringement of Tessera, Inc. and Invensas Corporation patents to many manufacturers. We look forward to new long-term licenses that will give our customers freedom of operation under our portfolios of patented ideas,” stated Robert A. Young, chief executive officer and president, Tessera Technologies, Inc. “We also successfully gained initial original equipment manufacturer adoption for our DIMM-IN-A-PACKAGE TM solution for use in Ultrabooks TM and tablets.

“Turning to our DigitalOptics segment, in the third quarter we made further progress towards our goal of shipping our MEMS autofocus technology in the fourth quarter. We also began construction of our optical component manufacturing site in Taiwan and began converting our production facility in Zhuhai, China to enable the manufacture of our next-generation MEMS camera modules, which we anticipate shipping in the first half of 2013.”

Third Quarter 2012
  • Total revenue was $72.7 million.
  • Intellectual Property segment revenue was $57.9 million.
  • DigitalOptics segment revenue was $14.8 million.

Total revenue for the third quarter of 2012 was $72.7 million, compared to $59.3 million of total revenue in the third quarter of the prior year. Intellectual Property segment revenue for the third quarter of 2012 was $57.9 million, compared to $50.3 million in the third quarter of the prior year, which included a nonrecurring $1.0 million license fee. The year-over-year increase was due primarily to the payment from Amkor Technology, Inc. related to the International Court of Arbitration of the International Chamber of Commerce interim award, offset in part by declining royalty income from Micron Technology, Inc. and Powertech Technology Inc.

1 of 5

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.93 -0.21 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs