Peregrine files for $100 million IPO
November 22, 2010 // Mark LaPedus
RF chip maker Peregrine Semiconductor Corp. has filed for a $100 million initial public offering (IPO) in the U.S., according to a filing.
The company's sales revenue grew from $38.2 million in 2006 to $53.4 million in 2007, and to $68.4 million in 2008. ''In 2009, our net revenue continued to grow to $70.5 million, but at a less rapid pace than the year prior,'' according to the filing. ''In 2007, 2008, and 2009, we incurred net losses of $33.1 million, $36.0 million, and $7.4 million, respectively. As of September 25, 2010, we had an accumulated deficit of $219.8 million.''
It appears to have turned the corner. In the nine months ended Sept. 26, 2009 and Sept. 25, 2010, it generated net revenue of $49.1 million and $67.6 million, respectively, representing year-over-year growth of 38 percent. During these nine month periods, the company generated a net loss of $8.3 million in 2009 and net income of $2.5 million in 2010.
''Our products were sold to more than 1,200 module manufacturers, OEMs, contract manufacturers, and other customers, including such companies as Amalfi Semiconductor, AnTS, Boeing, EPCOS, Hitachi Media, Hitachi Metals, Itron, JK Space, L-3 Communications, LG Innotek, Mini-Circuits, Motorola, Murata, Planet, Rohde & Schwarz, SIPAT, Skyworks, Source Photonics, Thales Alenia Space, and Wisol,'' according to the filing. ''According to third-party 'tear down' reports of handsets provided by UBM TechInsights, we believe our RFICs are also incorporated into products sold by LG, Samsung, and Sony-Ericsson.''All news
MEMS leaders under pressure, says Yole
July 31, 2014
The MEMS industry is changing as established leaders with manufacturing and an emphasis on delivering components are put ...
OLED lighting to be competitive with LEDs by 2016
Panasonic and Tesla Gigafactory battery plan forges ahead
Surface inspection tool can get customized
Wireless charging - a more cost-effective approach
Sony, Panasonic, Japan Display plan OLED joint venture
July 30, 2014
Sony Corp., Panasonic Corp., and Japan Display Inc. are working together to create a new company, to be named JOLED, which ...
Sony, TSMC win award for silicon-plastic process development
Sensor footprint evolution: Does size matter?
Memscap breaks even on rising Q2 revenue
- New Linear Regulators Solve Old Problems
- Testing GPS with a Simulator
- DSM presents: Select the best plastic for DDR4
- Dual 13A μModule Regulator with Digital Interface for Remote Monitoring & Control of Power
InterviewCEO interview: China, not Apple, is way to go, says mCube CEO
Ben Lee, CEO of MEMS startup mCube, explains why he wants to spend $37 million on being a supplier of sensors to Chinese ODMs and avoiding a design win with Apple or Samsung.
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Altium Ltd is offering EETimes Europe's readers the chance to win one TASKING VX-Toolset for ARM Cortex-M Premium Edition, normally licensed for 2.395 Euros, for ultra-rapid prototyping and code development around ARM Cortex-M based microcontrollers.
The VX-toolset for ARM is the first TASKING compiler suite to receive the Software Platform technology, which is seamlessly...Read more
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.