Posted on Tuesday, May 25th, 2010 at 6:42 pm.
Microtune Inc. announced their unaudited first quarter financial results that ended March 31, 2010.
They reported to have a net revenue of $22.4 million in the first quarter compared to a net revenue of $21.1 million in the last quarter of 2009. Therefore, the gross margin percentage was 52 percent for quarter one.
This year, Microtune Inc. is expected to grow 25 percent more than in 2009. Cash investments this quarter are at $78.5 million. The CEO of Microtune announced that he is very pleased with their results thus far.
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