Artisan Components, Inc. Reports First Quarter Fiscal Year 2000 Operating Results.Business Editors SUNNYVALE Sunnyvale, city (1990 pop. 117,229), Santa Clara co., W Calif., near San Francisco; settled 1849, inc. 1912. A city in Silicon Valley, its many manufactures include semiconductors; machinery and instruments; electrical, electronic, and aerospace products; , Calif.--(BUSINESS WIRE)--Jan. 19, 2000 Artisan Components, Inc. (Nasdaq:ARTI) today reported revenue and earnings for its first fiscal quarter ended December December: see month. 31, 1999. First quarter fiscal 2000 revenue increased 67% to $5.1 million as compared with $3.0 million in the same period last year. Net income for the first quarter was $292,000, or $0.02 per share, as compared to a net loss of $672,000, or ($0.05) per share in the same period last year. Gross royalty for the first quarter was $946,000, of which $616,000 was reported as net royalty revenue. "This is an exciting time for Artisan. We are experiencing significant growth in our end-user (job) end-user - The person who uses a computer application, as opposed to those who developed or support it. The end-user may or may not know anything about computers, how they work, or what to do if something goes wrong. customer base and partner networks signaling broad industry acceptance of our products," said Mark Templeton Mark Templeton (b. 1975) is Principal Trombone of the London Philharmonic Orchestra. Mark studied at the Guildhall School of Music and Drama 1994-1998 with Eric Crees, Simon Wills and Peter Gane. During this time he became principal of the Gustav Mahler Youth Orchestra. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "During the quarter, we added more than 80 companies as end-user customers, a majority of which have engaged with us for an immediate design need. Customers added as end-users include Acorn Networks, Avio Digital, Inc., Gennum Corporation, Hiband Semiconductors, Inc., HiQ Networks, Maxim Maxim (măk`sĭm), name of a family of inventors and munition makers. Sir Hiram Stevens Maxim, 1840–1916, was born near Sangerville, Maine. Integrated Products, NxtWave Communications, Packetcom, Inc., Ricoh Ricoh Company, Ltd. (株式会社リコー Company, Ltd. and Scenix Semiconductor, Inc. In the first fiscal quarter, we also added Sharp Corporation in Japan as a new manufacturing customer. Sharp is an exciting and innovative company for us to work with and its high-volume semiconductor focus matches our emphasis on production results." "A critical component of Artisan's strategy is our large and growing partner network. This quarter we added 14 new partners including Advancel Logic Corporation, Aptix Corporation, Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. Corporation, MIPS Technologies (MIPS Technologies, Inc., Mountain View, CA, www.mips.com) Founded in 1984 as MIPS Computer Systems Inc., the company merged with SGI in 1992 and spun off as an independent entity once again in 2000. , Inc., Morphics Technology, Inc., Progate Group Corporation, SOTA SOTA State Of The Art SOTA School of the Arts (San Francisco) SOTA Society of Typographic Aficionados SOTA Salmon of the Americas SOTA Society of the Ancients (gaming) SOTA Society of Taiwanese Americans Design Technology, Tensilica Tensilcia is an IP core company based in Silicon Valley. Tensilica is best known for its Xtensa tool-generated microprocessor cores that are particularly configurable and able to be extended. , Inc. and Videon Central, Inc. All of the members of this network are working with Artisan to meet the specific needs of our end-user and manufacturing partners. Many of our customers have already received benefits from these programs and have come to view them as a key part of our value-add." Artisan will replay its earnings conference call beginning at 6 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. today through midnight on January January: see month. 31, 2000. Interested parties may access the replay at 719/457-0820. The conference code is 863032. This press release contains projections and other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events or the future financial performance of the Company. Such statements are just predictions and actual events or results may differ materially. Many important factors could cause the actual results to differ materially from those contained in such projections or forward-looking statements, including, but not limited to the risks that the Company's products will fail to achieve market acceptance, the timing of customer orders, delays in the design process due to changes in customer orders after they are placed, the Company's ability to achieve progress on percentage of completion contracts, the length of the Company's sales cycle, the Company's ability to develop, introduce and market new products and product enhancements, the timing of new product announcements and introductions by the Company and its competitors, the demand for semiconductors and end-user products that incorporate semiconductors, general economic conditions particularly in the markets of Asia and Japan where a large portion of the Company's revenues are derived, and other risks. The Company refers you to the documents that the Company files from time to time with the Securities and Exchange Commission, in particular the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Risk Factors" in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its quarterly reports on Forms 10-Q. About Artisan Components Founded in 1991, Artisan Components, Inc., (Nasdaq:ARTI) provides high-quality silicon intellectual property (IP) to the world's largest semiconductor manufacturers. The company's Process-Perfect(TM) products, including embedded Inserted into. See embedded system. memories, SAGE sage, any species of the large genus Salvia, aromatic herbs or shrubs of the family Labiatae (mint family). The common sage of herb gardens is S. officinalis, a strongly scented shrubby perennial, native from S Europe to Asia Minor. (TM) and SAGE-X(TM) standard cells and Integral(TM) I/Os, are tuned to each manufacturer's process. Semiconductor manufacturers, in turn, provide these products to their design customers so that they may achieve the full speed, density and low power potential of the semiconductor process. Artisan IP is designed to work with the most popular EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. tools in the industry including: Avant A`vant´ n. 1. The front of an army. [Obs.] See Van. !, Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Synopsys and Mentor Graphics. Artisan Components is headquartered at 1195 Bordeaux Drive, Sunnyvale, CA 94089-1210. Phone: 408/734-5600. Fax: 408/734-5050. For additional information, visit Artisan on the World Wide Web at http://www.artisan.com. Note to Editors: Artisan, Process Perfect, SAGE, SAGE-X and Integral are trademarks of Artisan Components, Inc. All other registered trademarks and trademarks belong to the respective owners.
Artisan Components, Inc.
Statement of Operations
(In thousands, except per share data)
Quarter Ended
Dec. 31, Dec. 31,
1999 1998
(unaudited) (unaudited)
Revenue:
License $ 4,445 $ 3,036
Net royalty 616 --
-------- --------
Total revenue 5,061 3,036
Cost and expenses:
Engineering 3,096 2,335
Sales and marketing 1,673 1,068
General and administrative 540 836
-------- --------
Total cost and expenses 5,309 4,239
-------- --------
Operating loss (248) (1,203)
Other income 684 456
-------- --------
Income (loss) before provision for
income taxes 436 (747)
Provision (benefit) for income taxes 144 (75)
-------- --------
Net income (loss) $ 292 ($ 672)
======== ========
Net income (loss) per share - diluted $ 0.02 ($ 0.05)
======== ========
Shares used in per share calculation 15,210 13,380
======== ========
Artisan Components, Inc.
Balance Sheet
(In thousands)
Dec. 31,
1999
(unaudited)
ASSETS
Current assets:
Cash, cash equivalents and marketable securities $47,158
Contract receivables 9,652
Prepaid expenses and other current assets 1,868
-------
Total current assets 58,678
Property and equipment, net 5,783
Other assets 598
-------
Total assets $65,059
=======
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 2,764
Deferred revenue 4,035
-------
Total current liabilities 6,799
Other liabilities 156
-------
Total liabilities 6,955
-------
Stockholders' Equity:
Common stock and additional paid in capital 55,064
Retained earnings 3,040
-------
Total stockholders' equity 58,104
-------
Total liabilities and stockholders' equity $65,059
=======
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion