CSR Announces Record 2005 Results and Strong Outlook for 2006 Record Revenue, Profit, Cash Flow and Earnings Per Share For 2005.CAMBRIDGE, England -- Ref: EME n. 1. An uncle. 9857 This press release contains limited highlights of CSR's financial results For the full financial results, please visit: http://ir.csr.com/csr/news/releases/2006-02-28/ CSR plc (LSE LSE - Language Sensitive Editor :CSR) today announced its unaudited preliminary financial results for the fourth quarter and its audited financial results for the 52 weeks ended 30 December 2005. Highlights of CSR's end of year results for 2005 --CSR increased its sales by 92% year on year to $486.5m ($253.1m in 2004) --CSR won 460 new designs of which 43% were in handsets or headsets --CSR won designs with 5 out of the 6 top mobile phone OEM's during 2005 --Over 70% of CSR's unit shipments were in the cellular sector --CSR has won 69% of EDR (Enhanced Data Rate) An acronym occasionally used to reflect an advancement in transmission or transfer speed. For example, Bluetooth 2.0 + EDR provides a dramatic increase in speed over the previous version. See Bluetooth. Bluetooth designs, mainly in mobile phones and PCs Fourth Quarter 2005 highlights --Q4 2005 revenue increased 104% to $162.9m --CSR won 32 design wins in the quarter from mobile phone customers (13 more than CSR's record to date) --CSR handset designs include Kyocera, LG, Nokia, Pantech Curitel, Philips, Purple Labs, Quanta quan·ta n. Plural of quantum. , Samsung, Research in Motion and TCL See Tcl/Tk. Tcl - Tool Command Language --New areas of application included MP3 adaptors, such as Griffin --Headcount at CSR increased to 688 largely as a result of continued R&D investment Outlook for 2006 --CSR expects continued strong growth in Bluetooth market in 2006 and estimates year on year growth in unit shipments to be around 60% --As in Q1 2005, orders have accelerated following Chinese New Year Chinese New Year (Simplified Chinese: ; Traditional Chinese: ; Pinyin: Chūnjié), or Spring Festival and significant growth is expected in Q2 2006 --CSR expects attach rates in mobile phones to reach 35% for the year as whole --CSR revenues expected to be $125m to $135m for Q1 2006, ( 88% to104% higher than Q1 2005) "We are pleased to announce very strong results with revenues and profits almost doubling, operating margin held virtually stable and record sales in the fourth quarter. We estimate the Bluetooth market has more than doubled in unit terms during the year, and these results reflect CSR's position within this market and our success in driving down the cost of our Bluetooth solutions, whilst simultaneously increasing their functionality and reducing size and power consumption" commented outgoing 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. John Hodgson. About CSR CSR is the leading global provider of Bluetooth technology and has developed expertise in other single-chip wireless communication standards such as Wi-Fi (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11). CSR offers developed hardware/software solutions for Bluetooth based around BlueCore, a fully integrated 2.4 GHz radio, baseband, microcontroller and software. CSR has now launched its fifth generation BlueCore suite and is in volume manufacture of its fourth generation BlueCore devices. BlueCore4 supports the Enhanced Data Rate (EDR) standard which was ratified at the end of 2004. BlueCore4 remains the only EDR silicon to be shipping in volume today. In November 2004 CSR launched UniFi, the first single chip 802.11a/b/g embedded solution specifically targeting the mobile phone and consumer electronics markets. BlueCore features in over 50 per cent of all Bluetooth devices shipped and over 60 per cent of all qualified Bluetooth enabled products and modules listed on the Bluetooth website with industry leaders including Nokia, Dell, Panasonic, Samsung, Sharp, Motorola, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Apple, LG, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Toshiba, RIM and Sony using BlueCore devices in their range of Bluetooth products. In March 2005, CSR acquired Clarity Technologies Inc., for its Clear Voice Capture (CVC See CSC. ) technology that enhances the audio performance of any voice-based product or system. Applications for CVC include wireless headsets, handsets and automotive hands free systems. In August 2005, CSR completed the acquisition of UbiNetics' software business, providing a strong R&D team to accelerate its existing software development in Bluetooth, Wi-Fi and UWB (Ultra-WideBand) A wireless technology that uses less power and provides higher speed than 802.11 Wi-Fi networks or first-generation Bluetooth products. UWB is expected to provide wireless video transmission for home theater systems, cable TV, auto safety and . The UbiNetics team gives CSR the capacity to extend its offering to mobile handset customers. CSR has its headquarters and offices in Cambridge, UK, and offices in Japan, Korea, Taiwan, China, India, France, Denmark, Sweden and both Texas and Detroit in the USA. More information can be found at www.csr.com and the partner web site www.btdesigner.com More information about Bluetooth technology can be found on the SIG web site at www.bluetooth.com |
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