Monolithic reveals first-quarter revenues

Semiconductor manufacturer Monolithic has announced financial results for the quarter ended 31 March 2010, with net revenues of $50.3m (£33m) – up eight per cent sequentially from $46.5m in the fourth quarter of 2009 and up 71.4 per cent from $29.3m in the first quarter of 2009.

Gross margin was 58.3 per cent, compared to 58.7 per cent in the fourth quarter of 2009 and 57.6 per cent in the first quarter of 2009.
 
GAAP net income stood at $6.4m, with GAAP earnings per share of $0.17 per diluted share, while non-GAAP net income was $9.9m, or $0.26 per diluted share, excluding stock-based compensation and related tax effects.