LogicVision reports 13% sequential growth in Q4 revenues after IPO
![]() |
LogicVision reports 13% sequential growth in Q4 revenues after IPO
By Semiconductor Business News
January 22, 2002 (9:43 a.m. EST)
URL: http://www.eetimes.com/story/OEG20020122S0012
SAN JOSE -- Fresh off one of the few successful initial public offerings of stock last fall, LogicVision Inc. here today reported a 13% sequential increase in revenues to $5.4 million in the fourth quarter of 2002 compared to $4.8 million in Q3. The supplier of embedded test for ICs said revenues were up 103% from $2.7 million in Q4 of 2000. The San Jose company went public on New York's Nasdaq stock exchange just seven weeks after terrorist destroyed the World Trade Center towers by crashing jetliners into the twin skyscrapers on Sept. 11. LogicVision sold 4.5 million shares, raising $40.5 million (see Oct. 31 story). The company's stock closed at $9.86 last week (Jan. 18), up from the IPO price of $9 per share. The Q4 period marked the company's eighth quarter of sequentially higher revenues and a second consecutive quarter of pro-forma profitability, said Vinod Agarw al, president and chief executive officer of LogicVision. Excluding deferred stock-based compensation and accretion of redeemable convertible preferred stock charges, LogicVision's pro- forma net income was $248,000, or $0.02 per share in Q4, which was one cent higher than Wall Street's consensus, according to First Call/Thomson Financial. However, the company posted a net loss of $495,000, or $0.05 per share, in the quarter with those charges included. "The continued momentum in our business reflects the semiconductor industry's adoption of embedded test technology to decrease time-to-market, reduce capital costs and improve manufacturing yields," Agarwal said. For the entire year in 2001, LogicVision posted $17.2 million in revenues, an 86% increase compared to $9.3 million for in 2000. For 2001, LogicVision had a net loss of $6.3 million, including charges, compared to a net loss of $12.9 million in 2000.
Related Semiconductor IP
- 1.8V/3.3V I/O library with ODIO and 5V HPD in TSMC 16nm
- 1.8V/3.3V I/O Library with ODIO and 5V HPD in TSMC 12nm
- 1.8V to 5V GPIO, 1.8V to 5V Analog in TSMC 180nm BCD
- 1.8V/3.3V GPIO Library with HDMI, Aanlog & LVDS Cells in TSMC 22nm
- Specialed 20V Analog I/O in TSMC 55nm
Related News
- Xilinx Announces Record Fiscal 2014 Revenues; 28nm Sales Increase More Than 40% Sequentially In Q4
- Virage Logic Reports Second-Quarter Fiscal 2006 Results; Revenues up 11% and Royalties up 46% Sequentially; GAAP EPS of $0.01, Including $0.05 Per Share of After-Tax Stock-Based Compensation Expense
- Logicvision reports record revenues and net income for the first quarter 2002
- Tower Semi ups forecast to at least 35% sequential rise in Q2 foundry revenues
Latest News
- Will RISC-V reduce auto MCU’s future risk?
- Frontgrade Gaisler Launches New GRAIN Line and Wins SNSA Contract to Commercialize First Energy-Efficient Neuromorphic AI for Space Applications
- Continuous-Variable Quantum Key Distribution (CV-QKD) system demonstration
- Latest intoPIX JPEG XS Codec Powers FOR-A’s FA-1616 for Efficient IP Production at NAB 2025
- VeriSilicon Launches ISP9000: The Next-Generation AI-Embedded ISP for Intelligent Vision Applications