Wednesday, July 28, 2010
Entropic Communications Sees Jump In Revenues In Q2
San Diego-based Entropic Communications, a publicly held developer of semiconductors used in home entertainment and consumer electronics products, reported today that it had an increase of 56 percent in its second quarter net revenues, compared with last year. The firm said it earned $3.1M on $40.7M in net revenues in Q2, up by 56 percent in terms of revenues compared with the $26.1M it had in Q2 of 2009, when it lost $4.3M. Quarter to quarter, revenues were up by 9 percent, compared with the $37.5M it saw in the first quarter of 2010. Entropic said the quarter was its fifth consecutive quarter of revenue growth, driven by adoption of its MoCA home networking products. Entropic trades as ENTR on the Nasdaq, and is one of the venture-backed SoCal firms which went IPO back in 2007.