Omnivision posts quarterly revenue

Omnivision Technologies, a developer of digital-imaging solutions, has reported financial results for the fiscal fourth quarter ended 30 April 2010, posting revenue of $157.2m (£108.3m), compared with $156.9m in the third quarter of 2010 and $89.1m in the fourth quarter of 2009.

GAAP net income was $3.5m, or $0.07 per diluted share, compared with $5m, or $0.09 per diluted share, in the third quarter of 2010 and a net loss of $20.1m, or $0.40 per share, in the fourth quarter of fiscal 2009.

Non-GAAP net income was $10m, or $0.18 per diluted share, compared with 10.8m, or $0.2 per diluted share, in the third quarter of 2010 and non-GAAP net loss of $15m, or $0.30 per share, in the prior-year quarter.