Vimicro announces fourth-quarter 2009 figures

Vimicro, a developer of advanced mixed-signal multimedia chips, has published financial results for the fourth quarter ended 31 December 2009, posting net revenue of $23.7m (£15.9m), which compares with $20.5m in the third quarter of 2009 and $22.2m in the fourth quarter of 2008.

Fourth-quarter 2009 GAAP net loss was $1.6m, or $0.02 loss per ADS, which included $0.9m in share-based compensation expense.

GAAP loss compares to a net loss of $4.3m, or $0.08 per ADS, in the third quarter of 2009 and a net loss of $8.3m, or $0.24 per ADS, in the fourth quarter of 2008.