Overall revenues are up at Zoran, but the company reports a net loss for its second quarter ended June 30, 2010.
Revenues for the second quarter were $93.4 million, up from $90.5 million last quarter, but down from the $102.7 million earned for the second quarter of 2009.
Zoran’s second quarter GAAP net loss of $6.7 million compares unfavorably with a $4 million loss for the previous quarter.
However, during the quarter the company repurchased 2.1 million shares of its outstanding common stock for approximately $20 million in accordance with its stock repurchase program.
Zoran says its digital camera business “once again out-performed expectations — we believe we are gaining market share and are seeing new opportunities for growth in segments such as DSLR and HD video recording.” However, its digital TV efforts “continued to face challenges.”
Revenues by product line for the second quarter of 2010 were 45 percent digital camera, 28 percent DTV (includes set-top-box), 15 percent printer imaging, and 12 percent DVD.
Zoran, based in Sunnyvale, California, expects third quarter 2010 revenues to range between $98 million and $103 million, with gross margins ranging between 51 and 52 percent.
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