HUGE earnings increase for SiRF
SiRF announced that their quarterly earnings nearly doubled over the previous year for the fourth quarter of 2005. No big surprise though, right, as the SiRF star III chipset has been showing up in nearly every cool GPS that'shit the planet in the last six months. So net revenue in the fourth quarter was $54.4 million, up 98% from $27.5 million in 2004. For the entire 2005 year, net revenue was $165 miliion up 41% over 2004. So they brought in a lot of money in sales, but did they make any money?
Yes they did, and profit for the fourth quarter was $11.5 million, up from $5.1 million from fourth quarter 2004 - now this profit number excludes a bunch of one time items that I am sure the accounting team had to work overtime to get this worked out straight. Anyway this is a huge improvement for SiRF and let's hope we continue to see more out of them in the way of great innovation in GPS hardware and software.
ReadMore at the SiRF website.
Some of the more popular models to use the SiRF star III chipset are:
Garmin Nuvi
Garmin Vista Cx
Garmin Legend Cx
Garmin GPSMap 60CSx
Garmin Forerunner 205
Garmin Forerunner 305
GlobalSat Bluetooth BT Receiver BT-338
Globalsat Star 3 CF/Compact Flash GPS for PDA/Axim/iPAQ
Read More in: Earnings Announcements | SiRF News
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Posted by Scott Martin at February 2, 2006 9:10 PM
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