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Ramtron Reports Second-Quarter 2007 Financial Results.


Second Quarter Net Income Increases 25% on 20% Higher Revenue

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. -- Ramtron International Ramtron International is the main vendor of FRAM chips.

creator of ESDRAM: Ramtron Ships World's Fastest Synchronous DRAM
  • "frequently used in place of fast SRAM in high performance embedded systems such as communications, DSP, and computer boards."
 Corporation (Nasdaq: RMTR RMTR Redesigned Missile Tracking Radar ), a leading developer and supplier of nonvolatile ferroelectric random access memory (storage) Ferroelectric Random Access Memory - (FRAM) A type of non-volatile read/write random access semiconductor memory. FRAM combines the advantages of SRAM - writing is roughly as fast as reading, and EPROM - non-volatility and in-circuit programmability.  (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
) and integrated semiconductor products, today reported total revenue of $12.3 million for the second quarter of 2007, 20% higher than the $10.3 million reported for the same quarter of 2006. Second quarter product revenue was $11.9 million, 20% higher than product revenue of $9.9 million reported for the same quarter last year.

Second-quarter net income was $248,000, or $0.01 per share, compared with net income of $198,000, or $0.01 per share, for the same quarter a year earlier. Included in the second quarter 2007 results are non-cash, stock-based compensation charges of $571,000. Without these charges, second-quarter net income would have been $819,000 or $0.03 per share. Product gross margin for the second quarter of 2007 was 53% compared with 51% for the second quarter of 2006.

"We executed to our plan strategically, operationally and financially in the second quarter," said Ramtron 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.  Bill Staunton. "As new and existing customers come to recognize and further appreciate the solution value that Ramtron brings to their applications, we are continuing to deepen our presence in our target markets -metering, automotive, computing and industrial - and strengthen our leadership position in the broad commercialization of FRAM.

"Consistent with our planned shift toward feature rich FRAM products, we continued to drive processor companion product sales and brought six new integrated products to market, which included our first custom device. We improved product gross margin two percent over the same period last year due to improving yields and increased manufacturing efficiencies. All other expense categories were in line with our operating targets for 2007, resulting in 6.6% net income as a percent of total sales, before stock-based compensation expenses," Staunton added.

Second-Quarter Product Highlights:

* Integrated product revenue grew 33% to $1.6 million, or 13% of FRAM product revenue, during the second quarter of 2007, compared with $1.2 million, or 12% of FRAM revenue, for the second quarter of 2006.

* Ramtron introduced the FM33x product family - a new line of Ramtron FRAM-Enhanced[TM] Processor Companions with a high-speed serial peripheral interface (communications, hardware) Serial Peripheral Interface - (SPI) A serial interface in which a master device supplies clock pulses to exchanges data serially with a slave over two data wires (Master-Slave and Slave-Master).  (SPI (1) (Stateful Packet Inspection) See stateful inspection.

(2) (Service Provider Interface) The programming interface for developing Windows drivers under WOSA.
). The FM33x family combines, in one small package, all the benefits of a nonvolatile RAM with a comprehensive set of highly integrated support and peripheral functions for processor-based designs.

* Ramtron launched the semiconductor industry's first nonvolatile state saver - a novel device that saves the state of signals on demand and restores them to the correct state automatically upon the restoration of power. Ramtron's FRAM technology uniquely enables this capability due to its fast write time and virtually unlimited write endurance.

* Ramtron expanded its line of Ramtron FRAM Grade 1 automotive memory products with the qualification of an additional serial FRAM device to operate at +125 degrees Celsius (C). The FM25CL64-GA - a 3-volt, 64-kilobit (Kb) FRAM with a high-speed serial peripheral interface (SPI) - is now Grade 1 AEC-Q100 qualified, making it suitable for automotive applications under the hood under the hood - [hot-rodder talk] 1. The underlying implementation of a product (hardware, software, or idea). Implies that the implementation is not intuitively obvious from the appearance, but the speaker is about to enable the listener to grok it. , as well as in the passenger cab.

* Ramtron launched the VRS (Video Relay Service) A communications service for the hearing or speech impaired. A VRS is the video counterpart of a TTY relay service, in which the user types on a terminal, and the relay operator speaks the messages to the recipient (see TDD/TTY). 51L3174, an 8051-based microcontroller with 8 kilobytes (KB) of nonvolatile Ramtron FRAM memory that drops into industry standard 44-pin QFP (Quad FlatPack) A square, surface mount chip package that has leads on all four sides and comes in several varieties. PQFP (Plastic QFP) may refer to all of the following QFP types. All quad flatpacks use gull-wing leads, except for the CQFP, which stick straight out.  sockets for easy device migration.

"Based on our performance in the first half of this year, we remain on track to achieve our goals for 2007. For full-year 2007, we are still targeting year-over-year revenue growth of 20% to 25%, and 5.0% to 6.5% net income as a percent of total revenue before stock-based compensation expenses," Staunton added.

Conference Call

Ramtron management's teleconference today will be webcast live on the corporate website. Management plans to webcast slides to support its prepared remarks on quarterly results and business outlook, and then host a live question-and-answer session with institutional investors and research analysts.

How to Participate

Ramtron Second-Quarter 2007 Results Teleconference

July 31, 2007 at 2:00 p.m. PT / 5:00 p.m. ET

Go to the home page of the Ramtron site at www.ramtron.com and click on the teleconference link. From this site, you can access the teleconference webcast, assuming that your computer system is configured properly. A webcast replay will be available for one year, and a telephonic replay will be available for seven days after the live call at (706) 645-9291, code # 7221721.

About Ramtron

Ramtron International Corporation, 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. , is a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab.  that designs, develops and markets specialized semiconductor memory, microcontroller and integrated semiconductor solutions used in a wide range of product applications and markets.

Cautionary Statements

Except for historical information, this press release contains forward-looking statements made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These statements may be identified by the use of forward-looking words or phrases such as "believe," "expect," "anticipate," "should," and "potential," among others. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to: general and regional economic conditions and conditions specific to the semiconductor industry; demand for Ramtron's products; order cancellations or reduced order placements; product sales mix sales mix

See product mix.
; the timely development of new technologies; competitive factors such as pricing pressures on existing products and the timing and market acceptance of new product introductions; Ramtron's ability to maintain an appropriate amount of low-cost foundry production capacity from its foundry sources in a timely manner; our foundry partners' timely ability to successfully manufacture products for Ramtron; our foundry partners' ability to supply increased orders for FRAM products in a timely manner using Ramtron's proprietary technology; any disruptions of Ramtron's foundry or test and assembly contractor relationships; currency fluctuations; unexpected design and manufacturing difficulties; and the risk factors listed from time to time in Ramtron's SEC reports, including, but not limited to, the 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.
 for the year ended December 31, 2006 and Quarterly Reports filed during 2007. SEC-filed documents are available at no charge at the SEC's website (www.sec.gov) or from the company.

All forward-looking statements included in this release are based upon information available to Ramtron as of the date of this release, which may change.

The financial information in this press release and the attached financial statements have been prepared from the books and records of the company with the omission of certain information and disclosures normally included in financial statements.

In this release, the references to second quarter net income and earnings per share excluding stock-based compensation charges are not financial measures as defined by generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records.

Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting
 (GAAP GAAP

See: Generally Accepted Accounting Principles


GAAP

See generally accepted accounting principles (GAAP).
). Management believes that the presentation of results excluding these charges provides meaningful supplemental information regarding the Company's operational performance.
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COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Date:Jul 31, 2007
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