Excluding non-cash charges associated with acquisition-related costs, deferred stock compensation charges and depreciation charges, net income for the quarter was $1.0 million, or $0.03 per share, compared with a loss of $1.5 million for the same period last year.
Our performance and growth in this quarter demonstrates the strength of our core business, stated Y. C. (Buno) Pati, CEO of Numerical. This is the sixth consecutive quarter that we have exceeded revenue and earnings expectations. We see strong growth in the demand for our core phase-shifting technology as chipmakers transition to processes with feature sizes at and below 0.10 micron. We are now receiving royalties from multiple leading semiconductor manufacturers.
During this quarter, Numerical entered a licensing agreement with Intel that gives Intel the rights to use Numerical’s proprietary phase-shifting technology in production. Numerical also announced a phase-shifting production licensing agreement with Fujitsu, Ltd. in Japan, and continued to strengthen its direct presence in Japan.
Pati continued, In addition to the adoption of our core phase-shifting technology, our infrastructure product lines and partnerships are moving forward. We continue to leverage and expand our partnerships, and we announced significant new product capabilities in the area of photomask inspection.
SOURCE: COMPANY PRESS RELEASE
