February 2010Design wins in consumer products help fuel growth .
Lattice products aren’t just winning awards, they’re winning customers as well. Lattice reported profit for the fourth quarter of $5.6 million. Revenue for the quarter was $55.1 million, an increase of over 12% from the prior quarter and of 10.2% from the same quarter a year ago. FPGA revenue for the fourth quarter was $16.6 million, an increase of 9.5% over the prior quarter, and an increase of 16.2% over the same quarter a year ago. PLD revenue for the fourth quarter was $38.5 million, an increase of 13.4% over the prior quarter, and an increase of 7.9% compared to the same quarter a year ago.
Bruno Guilmart, Lattice's President and CEO, said, "We ended 2009 on a positive note. We are particularly pleased that we have returned the Company to profitability. This was the direct result of our company-wide efforts to materially reduce our cost structure, to streamline our business and to refine our business focus to areas where we can grow and profitably compete. We are entering 2010 with a strong backlog and we believe our profitability is sustainable.
“We are now on a broad based growth track, led by consistent new product momentum,” Guilmart continued. “In addition, our inventory balance declined compared to the prior quarter and year ago period. Our MachXO products continue to gain wider market acceptance, with the fourth quarter marking another quarter of record revenue. Our power management products also delivered a record quarter. Throughout 2009, we built on our already strong foundation in the communications market, and expanded into select computing and consumer markets. Our combination of high value and low power has led to design wins in smart phones and digital cameras – growth segments we have not traditionally served. Overall, we are positive about our business outlook based on our strong backlog, improvements in the semiconductor industry and the considerable operational improvements we achieved in 2009, which we will benefit from in 2010.”
Read the earnings press release on the Lattice web site.
© Lattice Semiconductor Corporation 2012
