Parthus posts quarterly loss of $3.3m

Dublin-based Parthus Technologies today reported a second quarter net loss, excluding amortisation and non-cash stock compensation…

Dublin-based Parthus Technologies today reported a second quarter net loss, excluding amortisation and non-cash stock compensation from acquisitions, of $3.3 million.

The revenues for the quarter were $10.2 million, up 30 per cent on the previous year.

Parthus said the current trading climate in the semi-conductor industry made it difficult to give a clear picture of future earnings.

But the company said it was still confident of reaching profitability in 2002 and that its long-term prospects remained strong.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter