SAN FRANCISCO Programmable logic supplier Lattice Semiconductor Corp. Thursday (Jan. 26) reported a fourth quarter 2005 net loss of $23 million on revenue of $54 million.
The $23 million net loss, which equates to 20 cents per share, was up 75 percent year-to-year from the company's $13.14 million net loss for the fourth quarter of 2004 and up more than 200 percent sequentially from the net loss of $7.09 million reported for the third quarter of 2005.
Fourth quarter revenue of $54 million was up 11 percent from the $48.5 million Lattice reported for fourth quarter of 2004 and up 1 percent from the $53.4 million reported for the third quarter of 2005.
For the full year 2005, Lattice posted a net loss of $49.12 million (43 cents per share), down 5 percent from the net loss of $51.98 million that the company posted for 2004. Lattice posted 2005 revenue of $211.06 million, down 6 percent from the $225.83 million that the company posted for 2004.
Lattice (Hillsboro, Ore.) said the fourth quarter net loss includes charges of $3.7 million for the amortization of intangible assets and $11.9 million for restructuring costs. Excluding these charges, the company said, loss for the quarter was $7.3 million, or 6 cents per share.
Quarterly revenue from programmable logic device products was $44.1 million, or 82 percent of total revenue, up 2 percent sequentially, Lattice said.
Quarterly revenue from FPGA products was $9.9 million, or 18 percent of total revenue, down 3 percent sequentially, according to the company. Quarterly revenue from new products, now 38 percent of total revenue, grew 5 percent sequentially and 66 percent on a year-to-year basis, Lattice said.
Lattice said it currently expects revenue for the current quarter to be up 2 to 5 percent from the fourth quarter of 2005.