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Spreadtrum Records Q4 2009 Net Profit of USD 1.4 Mln

Spreadtrum PR, 3/03/10

Chinese wireless baseband chipset provider Spreadtrum Communications (Nasdaq: SPRD) has announced its unaudited financial results for the fourth quarter and fiscal year 2009, with total revenues for Q4 2009 reaching USD 42.3 mln, up 312.9% YoY and 10.1% QoQ, exceeding the company's previous guidance of USD 37-40 mln. Revenue for FY 2009 reached USD 105.1 mln, down 4.4% YoY.

Net income for the quarter came to USD 1.4 mln, compared with net loss of USD 52.8 mln in Q4 2008 and a net income of USD 0.6 mln in Q3 2009. For the year, Spreadtrum reported a net loss of USD 19.3 mln, compared to a net loss of USD 78.7 mln in 2008.

Unit shipments of baseband and RF semiconductors increased 289% YoY and dropped 5% QoQ in Q4 2009.

The company estimates Q1 2010 revenue will be in the range of USD 40 mln to USD 43 mln.

To view Spreadtrum's full earnings report, please click here.

Keywords: guidance Spreadtrum profit revenue wireless Q4 2009 SPRD fiscal report

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