Trident reveals net revenue results

Trident Microsystems, a provider of semiconductor system solutions, has announced results for its second quarter ended 30 June 2010, posting net revenues of $171.6m (£109.3m), which compares with $90.4m in the prior sequential quarter and $14.9m in the quarter ended 30 June 2009. 

On a GAAP basis, the company reported a net loss of $49m, or $0.28 per share, which compares with a net loss of $7.6m, or $0.06 per share in the prior sequential quarter and a net loss of $21.1m, or $0.32 per share, in the quarter ended 30 June 2009.

Non-GAAP net loss for the quarter was $14.8m, or $0.09 per share, which compares with a net loss of $25.8m, or $0.20 per share, in the prior sequential quarter and a net loss of $15.7m, or $0.24 per share, in the prior-year quarter.