BCD Semiconductor's fourth quarter net profit fell 45.7% QoQ

BCD Semiconductor announced its financial results for the fourth quarter of 2010 and full-year 2010 as of December 31, 2010.

Financial report shows that in the fourth quarter of 2010, BCD Semiconductor achieved revenue of US$31.6 million, a decrease of 18.1% from the previous quarter and a year-on-year increase of 14.1%; gross margin was 31.8%, which was lower than the previous quarter's 34.7%; operating expenses were US$5.9 million, compared with 2010 The third quarter was flat. In the same period of 2009, operating expenses were US$6 million; operating profit was US$4.1 million and operating profit margin was 13%, which was significantly lower than the US$7.4 million and 19.3% in the previous quarter; net profit was US$3.8 million. It was significantly lower than the 7 million US dollars in the third quarter of 2010, a drop of 45.7% from the previous quarter.

In fiscal year 2010, BCD Semiconductor achieved a total revenue of US$132.8 million, an increase of 31.7% from US$108 million in 2009; gross margin reached 32.8% in 2009 and 25.4%; operating expenses were US$22.1 million, higher than in 2009. 19.3 million U.S. dollars; operating profit was 21.4 million U.S. dollars, and in 2009 it was 6.3 million U.S. dollars; net profit was 20.4 million U.S. dollars, much higher than the previous year's 6.9 million U.S. dollars.

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