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Spreadtrum Q4 2010 Profit Up 1,967%

PR Newswire, 3/04/11

Chinese wireless baseband chipset provider Spreadtrum Communications (Nasdaq: SPRD) today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010 with total revenue up 31.5% QoQ and 199.5 % YoY to USD 126.5 mln. Total revenue for the full year reached USD 346.3 mln, up 229.6% YoY, exceeding Spreadtrum's previous guidance of USD 118-125 mln.

Net income for the quarter reached USD 30 mln, up 53% QoQ and 1,967% YoY compared with USD 19.5 mln in the previous quarter and USD 1.4 mln in the same period last year. Net income for the full year came to USD 67.2 mln, compared to a net loss of USD 19.3 mln in 2009.

In Q4 2010, sales volume of 2G/2.5G baseband and radio frequency bundle semiconductors increased 45.5% sequentially and increased 323.3% year-over-year. Sales volume of 3G bundle semiconductors increased 6.7% sequentially and increased 340.7% year-over-year.

For the full year 2010, sales volume of 2G/2.5G bundle semiconductors increased 253.6% from 2009 and sales volume of 3G bundle semiconductors increased 907.5% over the same period.

In Q4 2010, the average selling price per unit of 2G/2.5G bundle semiconductors decreased 2.4% sequentially and 25.6% year-over-year. The average selling price per unit of 3G bundle semiconductors in Q4 2010 decreased 14.3% sequentially and 55.2% year-over-year.

For the first quarter of 2011, Spreadtrum expects revenue to be in the range of USD 130 mln to USD 135 mln.

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

Keywords: handset chip 2010 chipset guidance Spreadtrum loss profit revenue wireless 3G 2.5G sales volume SPRD Q4 2010 semiconductor fiscal report

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