Ray; [TMTA]
Transmeta's Full Year 2005 Revenue Increases 147% to $72.7 Million
Thursday February 23, 4:05 pm ET
Company Exceeds Fourth Quarter Financial Guidance
SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 23, 2006--Transmeta Corporation (Nasdaq:TMTA - News), the leader in efficient computing technologies, today announced financial results for the fourth quarter and fiscal year ended December 31, 2005.
Highlights for the 2005 Full Year
Continued to execute a successful transformation of the Company's business model.
Created and executed significant new service relationships with Sony and Microsoft.
Completed technology transfer and recorded revenue from Fujitsu and Sony, our second and third licensees of our LongRun2 technologies.
Revenue increased by 147% to $72.7 million compared to $29.4 million in 2004.
License and service revenue of $48.1 million, a 351% increase, compared to $10.7 million for the 2004 full year.
Net loss significantly reduced from $106.8 million to $6.2 million.
Cash balance of $56.5 million at December 31, 2005, and no long-term debt.
Allan |
