Entropic posts USD 27.6 mln loss in Q3, replaces CEO

Monday 10 November 2014 | 15:51 CET | News
Semiconductor group Entropic reported net revenues of USD 43.2 million in the third quarter, down from US 50.2 million in the previous quarter and USD 56.4 million in the third quarter of 2013. The company's third quarter net loss came in at USD 27.6 million, compared to the 21.8 million loss reported in the second quarter and the USD 11.9 million net loss of the year-earlier period. In a separate statement the company announced that current CEO Patrick Henry would be leaving the company and stepping down from the board of directors, to be replaced as interim president and CEO by current

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Categories: Fixed
Companies: Entropic
Countries: World
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