Gennum Q1 2011 Revenue Increases 7 Percent

Posted by Joe Zaller
Apr 07 2011

Gennum Corporation, a provider of semiconductors to the broadcast and digital media industries, announced that their first quarter revenue was C$31.5m, an increase of 7% versus the same period a year ago. Net income was C$4.6, an increase of 15% versus Q1 2010. Gross margins as a percentage of sales were a strong 72.5% in the quarter.

The company said the improved performance was driven by driven by higher revenue at similar gross margins, partially offset by higher operating expenses, primarily research and development.

.

Outlook and Impact of Japan Earthquake

Gennum provided guidance for the coming quarter, saying that its current order book for the second quarter is similar to the order book at the same time in the first quarter of 2011.

However, the company cautioned that it might be impacted by the recent earthquake in Japan.  “We are working closely with our customers, employees and partners in Japan to ensure they have the support needed to begin the rebuilding process. At this point, we have limited visibility on the long-term impact to our business and we are taking a cautious stance over the next few quarters. As such, we might experience some near-term impact to our business as customers bring production back online over the coming months.”

 

.

New Products at NAB 2011

Gennum is in the process of introducing a number of new products, which will be shown at the National Association of Broadcasters (NAB) show in Las Vegas next week.  These include optical transceivers, a Thunderbolt tranciever, and 3Gbps adaptive cable equalizers that are capable of driving signals up to 200 meters.

.

.

Related Content:

You can read the Gennum Q1 2011 earnings press release here.

Gennum’s Management Discussion and Analysis (MD&A) filing (catchpa required)

.

.

Comments are closed.

%d bloggers like this: