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January 04, 2012

Metalink Reports Revenue worth $240 Thousand for 3Q2011



Metalink (News - Alert) Ltd., a provider of high performance wireless and wireline broadband communication silicon solutions, recently unveiled its unaudited financial results for the third quarter of 2011 ended September 30, 2011.

According to a press release, Metalink’s revenues for the third quarter of 2011 were $240 thousand compared to $363 thousand for the third quarter of 2010. The company’s net loss for the period from continuing operation was $(20) thousands, or $0.01 per share, compared to net profit of $123 thousand, or $0.05 per share, for the third quarter of 2010.

Providing high performance silicon solutions, Metalink has been offering local area network (LAN) as well as digital subscriber line (DSL) technologies that enable true broadband connectivity throughout the home.

Metalink’s WLANPlus solution, which is optimized for the networked home, facilitates for various applications ranging from residential gateways, access points and routers to PC cards, STBs, DMAs and wireless HDTVs.

According to Metalink’s 3Q2011 report, Metalink reported revenue worth $1149 thousands compared to $621 thousand for the first 9 months of 2010. In addition, the net profit for the period was $334 thousand , or $0.12 per share, compared to net loss from continuing operation of $(425) thousands , or $(0.16) per share, for the first 9 months of 2010.

Last year, the financially troubled Metalink sold its core business - the development of WAN processors to – Germany's Lantiq (News - Alert) Beteiligungs GmbH & Co. KG and Lantiq Israel Ltd. However, the company kept its legacy DSL processor business, and the sale of the WAN processor business to Germany's Lantiq Beteiligungs GmbH & Co. KG and Lantiq Israel Ltd. was made in stages.

Metalink’s unaudited financial results for the first quarter of 2011, which ended March 31, 2011, were $99 thousands compared to $50 thousand for the first quarter of 2010. According to sources, these revenues are only from Metalink's continuing operation, the legacy DSL sales.

In addition, the net profit for the period from continuing operation was $28 thousand compared to net loss of $(484) thousands for the first quarter of 2010.

According to sources, Metalink’s revenues for the fourth quarter of 2009 were $0.7 million, comprising solely of WLAN sales, compared with revenues of $3.0 million for the comparable period in 2008, the majority of which were legacy DSL sales. The company’s cash and cash equivalents, as of December 31, 2009 were $2.3 million.



Jayashree Adkoli is a contributing editor for TMCnet. To read more of Jayashree's articles, please visit her columnist page.

Edited by Jennifer Russell
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