Silicom Reports 129% YOY Revenue Growth for Q3, All-Time Record Sales of $7.8M and $0.20 Per Share Net Profit for 9-Month Period; Momentum Continues to Build: 30 Design Wins, 7th Consecutive Quarter of Revenue Growth, 3rd Straight Profitable Quarter.

Publication: Business Wire

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2005 Business Wire

KFAR SAVA, Israel -- Silicom Ltd. (NASDAQ:SILCF) today reported financial results for the third quarter and nine months ended September 30, 2005.

Revenues for the third quarter of 2005 were $2,832,000, an increase of 129% compared with $1,235,000 for the third quarter of 2004. This is Silicom's seventh consecutive quarter of rising revenues and represents sequential growth of 7% compared with the sales for the second quarter of 2005. Net income for the quarter was $384,000, or $0.09 per share (basic and diluted), compared with a net loss of ($207,000), or ($0.05) per share (basic and diluted), for the third quarter of 2004. This is the Company's third consecutive profitable quarter and represents 22% sequential growth compared with net income for the second quarter of 2005.

Revenues for the nine months ended September 30, 2005 rose to an all-time high...

Read the full article for free courtesy of your local library.