Wednesday, February 28, 2007

Tundra Posts Revenues of $21.7 Million, Partners with Enea

Tundra Semiconductor reported revenue $21.7 million for its third quarter of fiscal 2007, a 16% increase over the third quarter in fiscal year 2006, and a 1% decrease from the second quarter of fiscal year 2007. Pro forma earnings of $3.0 million represent a 34% increase compared to the third quarter of fiscal year 2006, and a 26% increase over the second quarter of fiscal year 2007. Pro forma diluted earnings per share of $0.15 were at the top of range of the company's per share earnings guidance for the quarter of $0.11 to $0.15. GAAP earnings for the quarter were $1.3 million or $0.06 per diluted share, down from earnings of $1.5 million or $0.08 in the third quarter fiscal year 2006, up from a loss of $0.2 million or $0.01 per diluted share in the second quarter in fiscal year 2007.

Tundra also announced a partnership with Enea, a leading provider of network software and services, to deliver the first RapidIO-based system level software for the wireless communications infrastructure market.

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