SAN JOSE, Calif. Atheros Communications Inc. (Sunnyvale, Calif.), a developer of wireless LAN chipsets, said revenue in the fourth quarter was $41.7 million, compared with $38.3 million in the third quarter, an increase of 9 percent.
The company's fourth quarter net income was $2.2 million, or earnings of $0.04 per diluted share. This compares with net income of $767,000, or $0.01 per diluted share, in the third quarter of fiscal 2004.
It lost $223,000, or minus $0.02 a share, on sales of $37.7 million in the like period a year ago.
For the year ended Dec. 31, 2004, revenue was $169.6 million, up 94 percent from the $87.4 million in 2003. Net income in accordance with GAAP for 2004 was $10.8 million, or $0.21 per share. For the prior year, the GAAP net loss was $13.2 million, or a loss of $1.07 per share.