Parthus Technologies today posted a 68% jump in total revenues for 2000. The Dublin-based company also gave an upbeat assessment of its growth prospects for 2001.
Parthus, listed in London and Wall Street's Nasdaq, reported revenues of $31.9 million for the year ending December 31, 2000. Licensing revenues were up 208% to $16.1 million.
The company, which develops platform-level intellectual property solutions for the mobile internet market, said its loss for 2000, including non-cash compensation expense and amortisation, was $16 million against $2.6 million in 1999.
Total gross margins rose to 58% from 51%, which the company said reflecting a change in business mix, with the bulk of revenue from higher gross margin licensing. Parthus said it had signed 32 licences during 2000 and also formed strategic alliances with a number of global companies including Psion and Sony.
Parthus, which employs a total of 387 people in Ireland, Britain and the US, said it planned to grow both organically and through acquisition. 'We are confident 2001 will be another good year for Parthus with customer and product announcements that will position us as one of the leaders in the wireless world,' Chief Executive Brian Long stated.
* The company also announced today that networking group 3Com has licensed Parthus platforms for its wireless and mobile internet products.
