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Tundra Semiconductor Reports Fourth Quarter Fiscal Year 2007 Financial Results
Tundra Semiconductor Reports Fourth Quarter Fiscal Year 2007 Financial Results.
About this update from Tarku Resources Ltd
[{"type":"text","content":"\n\n\n\nRevenue Increases 17% in Fourth Quarter, Year-Over-Year\n\n\nOTTAWA, June 7 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX:TUN),\nthe leader in System Interconnect, today reported financial results for the\nfinal quarter of fiscal 2007, which ended April 30, 2007.\n\n\nQ4-2007 RESULTS:\n\n\n- Q4 Revenue: $22.2 million\n\n\n- Q4 Pro forma earnings: $3.4 million\n\n\n- Q4 Pro forma diluted earnings per share: $0.17\n\n\n- Q4 GAAP Results: earnings of $1.7 million or $0.08 per diluted share\n\n\nRevenue for the fourth quarter of fiscal year 2007 was $22.2 million, a\n17% increase over the fourth quarter in fiscal year 2006, and a 2% increase\nfrom the third quarter of fiscal year 2007. Pro forma earnings of $3.4 million\nrepresent a 30% increase compared to the fourth quarter of fiscal year 2006,\nand an 11% increase over the third quarter of fiscal year 2007. GAAP earnings\nfor the quarter were $1.7 million or $0.08 per diluted share, down from\nearnings of $6.8 million or $0.35 in the fourth quarter fiscal year 2006, up\nfrom $1.3 million or $0.06 per diluted share in the third quarter in fiscal\nyear 2007.\n\n\nFiscal Year 2007 RESULTS:\n\n- FY2007 Revenue: $85.3 million\n- FY2007 Pro forma earnings: $10.8 million\n- FY2007 Pro forma diluted earnings per share: $0.54\n- FY2007 GAAP Results: earnings of $2.0 million or $0.10 per diluted\n share\n\nRevenue for fiscal year 2007 was $85.3 million, a 14% increase over fiscal\nyear 2006. Pro forma earnings of $10.8 million represent a 21% increase\ncompared to $8.9 million in fiscal year 2006. Pro forma diluted earnings per\nshare of $0.54 represent a 20% increase compared to $0.45 in fiscal year 2006.\nGAAP earnings for the fiscal year were $2.0 million or $0.10 per diluted\nshare, down from earnings of $10.8 million or $0.55 in fiscal year 2006.\n"Tundra delivered solid performance in the fourth quarter and throughout\nfiscal year 2007," said Daniel Hoste, President and Chief Executive Officer,\nTundra Semiconductor. "Compared to fiscal year 2006, revenues in fiscal year\n2007 increased by 14% accompanied by strong profitability and good cash\ngeneration. We will continue to build on our solid financial position and\ndiversified portfolio of products and services while pursuing a renewed\nbusiness strategy targeted to generate sustainable growth."\n...