CIMdata PLM Industry Summary Online Archive
14 April 2005
Financial News
Nassda Announces Revenue of $12.3 Million for the Quarter Ended March 31, 2005 Net Income of $1.9 million, or $0.07 per Diluted Share
Nassda Corporation announced financial results for the quarter ended March 31, 2005, the second quarter of Nassda's fiscal 2005. Revenue for the quarter ended March 31, 2005 was $12.3 million, an increase of 26% from $9.8 million for the quarter ended March 31, 2004 and an increase of 10% from $11.3 million for the quarter ended December 31, 2004.
Net income for the quarter ended March 31, 2005 was $1.9 million, or $0.07 per diluted share, an increase of 157% from $752,000, or $0.03 per diluted share, for the quarter ended March 31, 2004 and an increase of $8.9 million from a net loss of $(7.0) million, or $(0.25) per diluted share, for the quarter ended December 31, 2004.
For the six months ended March 31, 2005, revenue was $23.6 million, a 21% increase from $19.5 million for the six months ended March 31, 2004. Net loss for the six months ended March 31, 2005 was $(5.0) million, or $(0.18) per diluted share, a decrease from $1.3 million, or $0.05 per diluted share, for the six months ended March 31, 2004.
"We are very proud to have achieved another quarter of sequential revenue growth and returned to profitability with a 12% operating income, despite the substantial costs incurred related to the pending acquisition. Our total cash, cash equivalents and short-term investments balances have also increased to $107.9 million at March 31, 2005," said Sang Wang, Chief Executive Officer. "Due to the pending acquisition, we are not providing any business outlook or guidance for the coming quarters."
Nassda will hold a conference call with financial analysts and investors at 2:00 p.m. PDT today. Following completion of the call, a rebroadcast of the webcast will be available at http://www.nassda.com or http://www.fulldisclosure.com through April 21, 2005.
Those without internet access may listen to a replay of the call by dialing (719) 457-0820, access code 4347246. The replay will be available from 5:00 p.m. PDT on April 14, 2005 through April 21, 2005.
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