Consumer electronics maker Syntax-Brillian Corp. announced that revenue for the quarter ended Dec. 31, 2005 increased a record 109 percent compared to the prior-year period to $60.2 million. Year-to-date revenue was $87.5 million, up 128 percent from the 6-month period in 2004.
Net loss, in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for the quarter was $1.3 million compared with net income of $414,000 for the second fiscal quarter of 2004. GAAP net loss for the 6 months ended Dec. 31, 2005, was $2.0 million compared with net income of $222,000 for the comparable period of 2004.
"Our first month as a combined company proved both exciting and challenging. We enjoyed record revenues during the holiday season, added new retail customers, commenced shipment of our new 1080p LCoS RPTV and booked more LCoS-based revenue than any period in Brillian's prior history," Vincent F. Sollitto, Jr., chairman and CEO of Syntax-Brillian, said.
For the quarter ending March 31, 2006, Syntax-Brillian anticipates revenue to be in the range of $48 million to $53 million, predominately from sales of LCD TVs on shipment volumes of 70,000 to 75,000 units.
For the fiscal year ending June 30, 2006, Syntax-Brillian anticipates revenue to be in the range of $190 million to $210 million, predominately from the sales of LCD TVs on shipment volumes of approximately 290,000 to 310,000 units.
For the full 2006 calendar year, Syntax-Brillian anticipates revenue to be in the range of $310 million to $340 million, consisting of approximately 85 percent to 90 percent from the LCD segment and 10 percent to 15 percent from the LCoS segment.
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