Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Brillian Reports Q4, Year-End Results
Mar 4, 2005
 Printable format
 Email this Article
 Search

Consumer electronics maker Brillian Corporation announced revenue for the quarter ended Dec. 31, 2004 was U.S. $343,000, down 5 percent from the same period in 2003.

Net loss for the quarter was $16.3 million compared with a net loss of $4.9 million in the fourth quarter of 2003.

Results for the fourth quarter of 2004 include an increase in the reserve for excess and obsolete inventory of $1.1 million and an impairment charge of $10.2 million.

"The fourth quarter was highlighted by the signing of an agreement with JDS Uniphase in December, which allows us to bring pilot production of the Ultrex III light engine in house," said Vincent F. Sollitto, Jr., Brillian's president and CEO. "In that regard, we built 200 light engine kernel subassemblies in the fourth quarter, and we began building full light engines in early January. This has allowed us to re-start our HDTV production, and in February, we shipped our first TV since the re-start."

Brillian reported full year revenue was $2.7 million, up 23 percent from 2003. Net loss for the full year was $32.9 million compared with a net loss of $18.7 million for 2003.

According to the company, its efforts in the first quarter of 2005 are focused on producing a limited quantity of HDTVs and securing customers in the high-end OEM and Pro AV distribution channels.

Brillian forecasts that revenues for the first quarter of 2005 will be in the range of $600,000 to $800,000 with a net loss in the range of $5.5 million to $6.5 million.

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows