ParthusCeva this morning reported losses of $1.1 million for the third quarter, a result which included a restructuring charge of $1.4 million.
In a statement the company reported third quarter sales of $9.3 million, compared with $9.1 million in the second quarter. Margins improved from 82 per cent to 85 per cent.
The company - formed following the merger of Irish company Parthus and Israeli firm Ceva - said licensing revenues for the quarter were $6.3 million. Royalty revenues rose to $1.2 million.
Five new licence agreements were signed in the quarter, reflecting strong interest in the company's DSP technology, it said.
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One of those includes a deal announced this morning with chipset developer Via Telecom.
AFP