SAN FRANCISCOVitesse Semiconductor Corp. Tuesday (Dec. 30) said it posted a net income of $16.6 million, or 7 cents per share, on revenue of $228.5 million for the company's fiscal year, ended Sept. 30.
Net income improved from a loss of $21.6 million in fiscal 2007, while revenue increased 3 percent year-to-year, Vitesse (Camarilla, Calif.) said.
Vitesse did not provide a breakdown of results for the fourth quarter. The company announced on Dec. 1 that it needed additional time to complete a review of its quarterly results for each quarter of the year. Vitesse was delisted from the Nasdaq in 2006.
Vitesse said Wednesday that it also filed quarterly reports for the periods ended March 31, June 30, and Dec. 31, 2007, with the U.S. Securities and Exchange Commission.