Exhibit 99.1

LOGO

ENTROPIC COMMUNICATIONS REPORTS FOURTH QUARTER AND FISCAL YEAR 2011 RESULTS

Revenue up 9% Quarter-over-Quarter to $56.2 Million, Record Annual Revenue of $241 Million

Conference Call to be Webcast Today at 2:30 p.m. Pacific Time

SAN DIEGO, Calif., February 1, 2012

— Entropic Communications, Inc. (Nasdaq: ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, today reported its fourth quarter and fiscal year results for the period ended December 31, 2011. Entropic reported fourth quarter net revenues of $56.2 million, an increase of 9 percent compared with $51.5 million in the third quarter of 2011.

In accordance with U.S. generally accepted accounting principles (GAAP), the Company’s fourth quarter net income was $2.3 million, or $0.03 per share (diluted). This compares with GAAP net income of $4.6 million, or $0.05 per share (diluted) in the third quarter of 2011. Non-GAAP net income in the fourth quarter was $10.2 million, or $0.12 per share (diluted), compared to non-GAAP net income of $10.4 million, or $0.12 per share (diluted) in the third quarter of 2011.

Net revenues for the year ended December 31, 2011 were $240.6 million, an increase of 14 percent from the $210.2 million reported for the year ended December 31, 2010. Net income computed in accordance with GAAP for the year ended December 31, 2011 was $26.6 million, or $0.30 per share (diluted), compared with GAAP net income of $64.7 million, or $0.82 per share (diluted), for the year ended December 31, 2010. Note that GAAP net income for the year-ended December 31, 2010 included a $31.6 million one-time, non-cash tax benefit associated with the reversal of the valuation allowance related to certain deferred tax assets. A reconciliation of the comparable GAAP financial measures to the non-GAAP measures used in this release is included in the attached tables.

Non-GAAP net income for the year ended December 31, 2011 was $55.3 million, or $0.62 per share (diluted), compared to non-GAAP net income of $45.2 million, or $0.55 per share (diluted) for the year ended December 31, 2010.

“We are very pleased with our resumption of revenue growth in the fourth quarter and our overall performance for the year. We delivered record full-year revenue and non-GAAP earnings, and shipped more MoCA and CSS chipsets this year than any other year in the Company’s history,” said Patrick Henry, president and CEO, Entropic Communications. “We are continuing to build on our leadership position with the world’s first MoCA 2.0 silicon solution and believe we will benefit from continued HDTV, DVR and multi-room DVR penetration worldwide, as well as the paradigm shift around streaming IP-based video and multimedia content and services throughout the home. With our industry-leading chipset roadmap, coupled with a deep bench of global partners, we are poised to capitalize on the rising consumer demand to stream high definition video content to fixed and portable devices — in the home or on the go. This shift has created market opportunities to bring new silicon solutions to market that will effectively change the way consumers experience digital entertainment.”

 

-more-


The following information was filed by Entropic Communications Inc (ENTR) on Wednesday, February 1, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Entropic Communications Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Entropic Communications Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account