Advanced Analogic reports fourth-quarter results

Analogue semiconductor company Advanced Analogic Technologies has reported financial results for the fourth quarter and fiscal year ended 31 December 2010.

Net revenue for the fourth quarter of 2010 was $24m (£14.9m), an increase of 15.2 per cent over net revenue of $20.8m for the fourth quarter of 2009 and a decrease of 3.9 per cent from net revenue of $25m for the third quarter of 2010.

Net revenue for the fiscal year was $94.1m, up 8.7 per cent from net revenue of $86.5m for 2009.

The company ended the quarter with $87.4m in cash, cash equivalents, and short-term investments.