Ramtron Reports Second-Quarter 2000 Results.Business/Technology Editors COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--Aug. 9, 2000 U.S. semiconductor maker Ramtron International Ramtron International is the main vendor of FRAM chips. creator of ESDRAM: Ramtron Ships World's Fastest Synchronous DRAM
Second-quarter FRAM (1) (Ferroelectric RAM) See FeRAM. (2) (Ferromagnetic RAM) A non-volatile memory that records microscopic bits on a magnetic surface. See MRAM. FRAM - Ferroelectric Random Access Memory (R) product sales were $1.0 million, compared with $0.9 million a year ago. The company recorded $1.8 million in research and development-related revenue during the quarter, compared with $1.5 million a year earlier. EDRAM (1) (Enhanced DRAM) A high-speed DRAM chip developed by Ramtron International Corporation, Colorado Springs, CO. It allowed overlap of a read at the trailing end of a write operation to obtain its speed. (R) product sales for the second quarter were $3.5 million, compared with $2.9 million for the year-ago quarter. "Our overall revenues for the quarter were up from Q2 last year," said L. David Sikes Sikes can refer to: People
Earlier this week, Ramtron announced the completion of a $65-million volume purchase agreement (VPA VPA Valproate VPA Vancouver Port Authority (Canada) VPA Virtual Population Analysis VPA Voluntary Partnership Agreement VPA Voluntary Placement Agreement VPA Volume Purchase Agreement VPA Vermont Principals' Association ) with Ampy Automation Digilog Limited of Peterborough, United Kingdom. The 256K FRAM serial product will be used in an advanced electric meter design that will become available in 2001. This VPA augments the increased sales to Ampy of Ramtron's 4K and 16K FRAM products. "Ampy has been a customer of Ramtron since 1995," said Don Carrigan, vice president of sales and marketing for Ramtron. "We are delighted with the expansion of this business, as the application showcases the features of FRAM that we believe will make it a mainstream, high-performance non-volatile memory Refers to memory chips that hold their content without power being applied. It may refer to chips that are not changeable, such as ROMs and PROMs, or to chips that can be rewritten many times such as flash memory. . Our lower density products have been used in various metering applications during the past few years, and this earlier success lays the groundwork for customer acceptance of our higher density parts." Yesterday, Ramtron subsidiaries, Enhanced Memory Systems, Inc., and Mushkin Inc., announced the availability of the next generation of the Enhanced high-speed SDRAM (Synchronous DRAM) A type of dynamic RAM (DRAM) memory chip that has been widely used since the late 1990s. SDRAM chips eliminated wait states by dividing the chip into two cell blocks and interleaving data between them. (HSDRAM HSDRAM High Speed Dynamic Random Access Memory HSDRAM High Speed Synchronous Dynamic Ram ) DIMM (Dual In-Line Memory Module) A printed circuit board that holds memory chips and plugs into a DIMM socket on the motherboard. See memory module. DIMM - Dual In-Line Memory Module modules. The new modules operate at CAS2 latency (1) The time between initiating a request in the computer and receiving the answer. Data latency may refer to the time between a query and the results arriving at the screen or the time between initiating a transaction that modifies one or more databases and its completion. and enable high-end gaming customers to boost the memory bus speed of the Intel 815E chipset A group of chips designed to work as a unit to perform a function. For example, a modem chipset contains all the primary circuits for transmitting and receiving. A PC chipset provides the electronic interfaces between all subsystems (see PC chipset for illustration). to 150 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. and beyond, resulting in a superior gaming experience. "Our new modules accelerate the performance of current PC100 and PC133 SDRAM motherboards used in high-performance PC systems," said Craig Rhodine, vice president and general manager for Enhanced Memory Systems. "Enhanced Memory Systems continues to offer the fastest and lowest-latency DIMM modules for over-clocked PC systems." "We have accomplished a series of significant milestones during the first half of this year," Sikes added. "We expect to continue our sales growth through the introduction of new products that will provide customers with the ability to enhance the performance of their own products by leveraging the feature sets of our FRAM and EDRAM technologies." About Ramtron Ramtron International Corporation is dedicated to the design, development and sale of ferroelectric RAM Ferroelectric RAM - Ferroelectric Random Access Memory "FRAM" memory products. The Company also develops and markets ultra-high-performance ESDRAM ESDRAM Enhanced Synchronous Dynamic Random Access Memory ESDRAM Enhanced Synchronous Dynamic Ram and HSDRAM products through its subsidiary, Enhanced Memory Systems, Inc. Both companies are headquartered in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. . Except for historical information, the preceding statements are 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. that involve risks and uncertainties. Investors are cautioned that such statements are only predictions and the actual events or results may differ materially. These forward-looking statements speak only as of this date. The Company undertakes no obligation to publicly release the results of any revisions to the forward-looking statements made today to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after today, or to reflect the occurrence of unanticipated events. For more information about Ramtron and its products, contact: Communications Department, Ramtron International Corporation, 1850 Ramtron Drive, Colorado Springs, Colorado, USA, 80921. Telephone is 800-545-FRAM (3726); FAX is 719-481-9294; e-mail address See Internet address. e-mail address - electronic mail address is info@ramtron.com. Homepage is http://www.ramtron.com. Note to Editors: "FRAM" and "EDRAM" are registered trademarks of Ramtron International Corporation.
RAMTRON INTERNATIONAL CORPORATION
SECOND QUARTER AND YEAR-TO-DATE 2000 FINANCIAL HIGHLIGHTS
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000
(Amounts in thousands, except per-share amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30 June 30
2000 1999 2000 1999
-------- -------- -------- --------
Revenue:
Product sales $ 4,446 $ 3,811 $ 6,716 $ 8,044
License fees -- -- 2,000 500
Royalties 13 -- 13 --
Customer-sponsored
research and
development 1,750 1,516 3,051 2,322
-------- -------- -------- --------
6,209 5,327 11,780 10,866
-------- -------- -------- --------
Costs and expenses:
Cost of product sales 2,677 2,112 3,943 4,529
Research
and development 3,041 2,948 6,359 5,551
Sales, general
and administrative
(excluding non-cash
compensation expense) 2,404 2,467 4,843 4,909
Amortization
of stock-based
compensation
(non-cash) 204 -- 1,770 --
-------- -------- -------- --------
8,326 7,527 16,915 14,989
-------- -------- -------- --------
Operating loss (2,117) (2,200) (5,135) (4,123)
Other expense (43) (147) (34) (184)
-------- -------- -------- --------
Net loss $ (2,160) $ (2,347) $ (5,169) $ (4,307)
======== ======== ======== ========
Loss per common share:
Net loss $ (2,160) $ (2,347) $ (5,169) $ (4,307)
Imputed dividends,
accretion of
discount and settlement
on convertible preferred
stock, net (30) 331 (61) (189)
-------- -------- -------- --------
Net loss applicable
to common shares $ (2,190) $ (2,016) $ (5,230) $ (4,496)
======== ======== ======== ========
Net loss per common
share - basic
and diluted $ (0.13) $ (0.17) $ (0.33) $ (0.37)
======== ======== ======== ========
Weighted average
shares outstanding 16,301 12,193 15,683 12,140
======== ======== ======== ========
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except par-value amounts)
(Unaudited)
June 30, Dec. 31,
2000 1999
---------- ----------
Assets
Cash $ 7,796 $10,601
Accounts receivable, net 4,448 1,703
Inventories 5,074 4,174
Other assets 248 184
Property, plant and
equipment, net 5,716 6,064
Intangible assets, net 17,432 6,654
------- -------
$40,714 $29,380
======= =======
Liabilities and stockholders' equity
Liabilities $10,870 $15,143
Stockholders' equity 29,844 14,237
------- -------
$40,714 $29,380
======= =======
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