Brillian Reports Increased Q1 Revenue Apr 28, 2005

Printable format  Email this Article  Search

Consumer electronics maker Brillian Corp. reported revenue for the quarter ended March 31, 2005 totaled U.S. $858,000, an 80-percent increase compared to the first quarter of 2004.

Net loss for the quarter was $5.3 million compared with a net loss of $5.4 million in the prior-year period. Net loss per share was $0.75 for the first quarter of 2005 compared with $1.00 for the first quarter of 2004.

The company says that it anticipates revenues for the second quarter to be in the range of $1.0 million to $1.4 million with a net loss in the range of $5.3 million to $5.8 million.

Brillian says its efforts in the second quarter will be focused on supplying its announced distribution partners with sufficient quantities of HDTVs to support their product roll-out schedule while beginning its transition of its light engine assembly and supply chain management functions to Suntron in order to support the company's timing of its planned manufacturing capacity ramp-up.

Brillian says its outlook for the full-year of 2005 is in the range of $8.5 million to $12.0 million with a full-year net loss in the range of $17.5 million to $18.5 million.

Back to Daily News