Trident announces quarterly revenues

Trident Microsystems, a provider of semiconductor systems, has reported net revenues of $90.4m (£59.8m) for the first quarter of 2010, which compares with $31.9m in the prior sequential quarter and $6.9m in the quarter ended 31 March 2009.

The company reported a net loss for the quarter of $3.9m, or $0.03 per share, on a GAAP basis, which compares with a net loss of $23.4m, or $0.34 per share, in the prior sequential quarter and a net loss of $16.6m, or $0.27 per share, in the first quarter of 2009.

Non-GAAP net loss for the quarter was $25.8m, or $0.20 per share, which compares with a non-GAAP net loss of $15.6m, or $0.22 per share, in the prior sequential quarter and a non-GAAP net loss of $14.4m, or $0.23 per share, in first-quarter 2009.