Micrel announces fourth-quarter and full-year results

Integrated Circuit manufacturer Micrel has announced financial results for the fourth quarter and full year ended 31 December 2010.

Fourth quarter revenues of $75.6m showed a decrease of 6.2 per cent from $80.6m in the third quarter of 2010, but an increase of 23.5 per cent compared to the same period last year.

Fourth quarter 2010 GAAP net income of $13.7m, or $0.22 per diluted share, compares to third quarter 2010 GAAP net income of $14.9m, or $0.24 per diluted share, and GAAP net income of $4.1m, or $0.07 per diluted share, in the same period in 2009.

For the year ended 31 December 2010 revenue was $297.4m, compared to revenue of $218.9m in the previous year, and gross margins for 2010 were 57 per cent compared to 52 per cent in 2009.