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|Company Contact:||Investor Relations Contact:|
|Michael Anthofer||Moriah Shilton|
|Chief Financial Officer||Sr. Director, Investor Relations|
TESSERA TECHNOLOGIES ANNOUNCES FOURTH QUARTER 2009 RESULTS
San Jose, Calif., Jan. 28, 2010 Tessera Technologies, Inc. (Nasdaq: TSRA) announced its results for the fourth quarter ended Dec. 31, 2009.
Revenue Highlights: Fourth Quarter 2009
Total revenues were $56.5 million.
Micro-electronics revenue was $48.5 million.
Imaging & Optics revenue was $8.0 million.
Fourth quarter 2009 Micro-electronics revenue was comprised entirely of Royalties and License Fees. Micro-electronics did not have Products and Services revenue, due to the companys previously announced decision to no longer pursue government funded Research and Development contracts that had been the source of this revenue. Imaging & Optics revenue was comprised of $3.3 million in Royalties and License Fees, and $4.7 million in Products and Services.
Generally accepted accounting principles (GAAP) net income for the fourth quarter of 2009 was $6.4 million, or $0.13 per diluted share, which included non-cash charges of $7.5 million for stock-based compensation and $3.3 million for amortization of acquired intangibles.
Non-GAAP net income for the fourth quarter of 2009 was $16.0 million or $0.31 per diluted share. Non-GAAP net income is defined as income and operating expenses adjusted for acquired intangibles amortization, charges for acquired in-process research and development, stock-based compensation expense, and related tax effects.
The following information was filed by Tessera Technologies Inc (TSRA) on Thursday, January 28, 2010 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.
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