SUNNYVALE, Calif. -- Catalyst Semiconductor Inc., a manufacturer of flash and EEPROM chips, announced that revenues for the fourth quarter, ended April 30, more than doubled, from $8.1 million in the fourth quarter a year ago to $17.1 million, while net profit increased 544% to $4.9 million or 24 cents per diluted share.
Revenues for the fiscal year were $49.5 million compared with revenues of $32.0 million in fiscal 1999. Net profit for the fiscal year was $10.0 million or 50 cents per diluted share, compared with a profit of $200,000 or 2 cents per diluted share in the previous fiscal year.
Excluding non-recurring credits in the first and second quarters, the company would have reported a net profit of $8.8 million or 44 cents per diluted share for fiscal 2000.
Radu Vanco, president and CEO, explained that Catalyst couldn't meet all the demand in the past few quarters, and has taken steps to ensure more foundry capacity Oki Semiconductor, its primary foundry, and Xfab, a new foundry based in Lubbock, Tex.
Catalyst also has begun shipping its first microcontrollers, and is applying for re-listing on the Nasdaq stock market, Vanco said.