Transmeta, a semiconductor company that is known for their low power CPUs, has been operating a loss for several years. Not anymore, however. During the second quarter 2005 they generated a total of $24.7 million in sales and a profit of $6.8M. It's good to see underdog companies getting some reward, Transmeta CPUs are cool deals.
From the press release: Highlights for the Second Quarter 2005
- Net revenue of $24.7 million
- Net income improved significantly to $6.8 million, or $0.04 per share
- Positive cash flow from operations of $4.8 million
- Cash balance of $46.6 million at June 30, 2005
- Deferred revenue of $15.5 million
- Engineering services projects with Sony and Microsoft continue to progress well
- Semiconductor industry veterans Lester M. Crudele and Robert V. Dickinson joined the Transmeta Board of Directors