Please wait while we load the requested 10-K report or click the link below:
For investor information contact:
Heidi Flannery, Investor Relations
Volterra Announces Financial Results and Acquisition of Element Energy
FREMONT, Calif., January 22, 2013 Volterra Semiconductor Corporation (Nasdaq: VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, today reported financial results for its fourth quarter and fiscal year ended December 31, 2012.
Net revenue for the fourth quarter of 2012 was $40.3 million, a 4% increase over net revenue of $38.8 million for the fourth quarter of 2011, and a 4% decrease from net revenue of $42.1 million for the third quarter of 2012. GAAP net income was $4.6 million, or $0.18 per share (diluted), for the fourth quarter of 2012, a 20% decrease from GAAP net income of $5.7 million, or $0.22 per share (diluted), for the fourth quarter of 2011 and a 25% decrease from GAAP net income of $6.1 million, or $0.23 per share (diluted), for the third quarter of 2012.
Volterra also reported net income and basic and diluted net income per share on a non-GAAP basis. Non-GAAP net income excludes the effect of stock-based compensation expense. Non-GAAP net income was $7.1 million, or $0.28 per share (diluted), for the fourth quarter of 2012, a 9% decrease from non-GAAP net income of $7.8 million, or $0.30 per share (diluted), for the fourth quarter of 2011 and a 18% decrease from non-GAAP net income of $8.7 million, or $0.33 per share (diluted), for the third quarter of 2012.
For the full year 2012, Volterra reported annual net revenue of $168.0 million. GAAP net income was $22.8 million, or $0.86 per share (diluted), for the fiscal year ended December 31, 2012, compared to GAAP net income of $20.6 million, or $0.79 per share (diluted), for the fiscal year ended December 31, 2011. Non-GAAP net income was $32.9 million, or $1.24 per share (diluted), for the fiscal year ended December 31, 2012, compared to non-GAAP net income of $28.9 million, or $1.10 per share (diluted), for the fiscal year ended December 31, 2011.
I am proud to report Volterras twelfth consecutive year of revenue growth and our ninth consecutive profitable year, said Volterra President and CEO Jeff Staszak. I am also pleased to announce that Volterra has acquired Element Energy, a startup with technology that significantly improves the performance, lifetime, reliability and cost of large battery packs used in a wide range of applications including stationary and renewable energy storage and hybrid and electric vehicles.
Earnings Conference Call
Volterra will be conducting a conference call today at 2:30 p.m. (PST). To access the conference call, investors can dial (877) 941-0844 approximately ten minutes prior to the initiation of the teleconference. International and local participants can dial (480) 629-9835. Investors should reference Volterra. A digital replay of the conference call will be available until midnight on
The following information was filed by Volterra Semiconductor Corp (VLTR) on Tuesday, January 22, 2013 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 Volterra Semiconductor Corp's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Volterra Semiconductor Corp.