SAN FRANCISCO Alliance Semiconductor Corp. reported a fiscal fourth quarter net loss of $23.2 million, or 65 cents per diluted share, on sales of $5.6 million, the company said Friday (April 29).
Alliance's quarterly loss jumped 134 percent compared with the net loss of $9.9 million, or 28 cents per share, that the company posted for the previous quarter. In the year-ago quarter, Alliance's fourth fiscal quarter of 2004, the company reported a net income of $4.8 million, or 13 cents per diluted share.
Alliance said the fourth quarter loss includes a $16.7 million write down in the value of Tower shares and a $1.6 million inventory write down.
For fiscal year 2005, Alliance reported a net loss of $49.8 million, or $1.41 per share, on revenue of $23.6 million. In fiscal 2004, Alliance lost $19.4 million, or 55 cents per share, on revenue of $26.7 million.