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

DigitalOptics segment revenue for the third quarter of 2012 was $14.8 million, compared to $9.0 million in the third quarter of the prior year. The increase was due primarily to camera module product sales from the Company’s recently acquired manufacturing facility in Zhuhai, China.

GAAP net loss for the third quarter of 2012 was $1.1 million, or $0.02 per basic share, which included non-cash charges of $6.2 million for amortization of acquired intangibles and $4.0 million for stock-based compensation.

Non-GAAP net income for the third quarter of 2012 was $6.5 million or $0.12 per diluted share. Non-GAAP net income is defined as income and operating expenses adjusted for acquired intangibles amortization, charges for acquired in-process research and development, stock-based compensation expense, impairment charges on long-lived assets and goodwill, and related tax effects.

Nine-month Period Ended Sept. 30, 2012
  • Total revenue was $180.8 million.
  • Intellectual Property segment revenue was $149.9 million.
  • DigitalOptics segment revenue was $30.9 million.

GAAP net loss for the nine-month period was $9.6 million, or $0.19 per diluted share. Non-GAAP net income for the nine-month period was $14.5 million, or $0.27 per diluted share.

Balance Sheet

Cash, cash equivalents and investments were $465.9 million at Sept. 30, 2012, a decrease of $8.9 million from June 30, 2012. In the third quarter of 2012, net cash provided by operations was $2.3 million. The Company purchased $6.3 million of property and equipment and $1.2 million of intellectual property in the third quarter of 2012. On Sept. 13, 2012, $5.2 million was paid to stockholders of record as of Aug. 23, 2012, for the quarterly $0.10 per share of common stock cash dividend.

Quarterly Cash Dividend

On Oct. 31, 2012, the board of directors declared a cash dividend of $0.10 per share of common stock for the fourth quarter, payable on Dec. 13, 2012, for stockholders of record at the close of business on Nov. 22, 2012.

2 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
AAPL $94.27 -0.76%
FB $101.00 1.47%
GOOG $684.12 0.89%
TSLA $143.67 -3.09%
YHOO $27.10 1.04%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs