© daniel schweinert dreamstime.com
Business |
Tessera with 3Q net loss of USD 1.1M
Tessera Technologies reported total revenue for the third quarter of 2012 (ended Sept. 30, 2012) of USD 72.7 million. GAAP net loss for the third quarter of 2012 was USD 1.1 million.
"During the third quarter of 2012, our Intellectual Property teams continued to demonstrate infringement of Tessera, Inc. and Invensas Corporation patents to many manufacturers. We look forward to new long-term licenses that will give our customers freedom of operation under our portfolios of patented ideas," stated Robert A. Young, chief executive officer and president, Tessera Technologies, Inc. "We also successfully gained initial original equipment manufacturer adoption for our DIMM-IN-A-PACKAGETM solution for use in UltrabooksTM and tablets.
"Turning to our DigitalOptics segment, in the third quarter we made further progress towards our goal of shipping our MEMS autofocus technology in the fourth quarter. We also began construction of our optical component manufacturing site in Taiwan and began converting our production facility in Zhuhai, China to enable the manufacture of our next-generation MEMS camera modules, which we anticipate shipping in the first half of 2013."
Third Quarter 2012
- Total revenue was $72.7 million.
- Intellectual Property segment revenue was $57.9 million.
- DigitalOptics segment revenue was $14.8 million.
- Total revenue was $180.8 million.
- Intellectual Property segment revenue was $149.9 million.
- DigitalOptics segment revenue was $30.9 million.