Ramtron International Corporation Reports Strong First Quarter Results

Strategic Insights -

Ramtron International Corporation, a leading developer and supplier of specialty memories, reported significant financial and business growth in the first quarter of 1995. Revenues rose 87% to $4.4 million, driven by strong demand for their EDRAM business and strategic business developments. The company's loss narrowed to $4.3 million, or $0.24 per share, compared to a loss of $6.8 million, or $0.40 per share, in the year-ago quarter. Notably, Ramtron secured a key sourcing agreement with IBM and saw improved bookings in their FRAM business, increasing 22% over the previous quarter.

Key Takeaways:

  • Ramtron International Corporation reported an 87% revenue growth in the first quarter of 1995, reaching $4.4 million.
  • The company's first quarter loss narrowed to $4.3 million, or $0.24 per share, compared to a loss of $6.8 million, or $0.40 per share, in the same quarter of 1994.
  • EDRAM business showed continued strength in product demand, with total sales reaching $2.3 million in the first quarter, a significant increase from the $738,000 in the same quarter of 1994.
  • The company secured a key strategic business development, closing a sourcing agreement with IBM.
  • FRAM business showed improved bookings in the first quarter, increasing 22% over the previous quarter.
  • Royalty revenue increased 72% from the first quarter of 1994, reflecting Nippon Steel's sales of Ramtron-designed 1- and 4-megabit DRAMs.
  • Ramtron holds 48 foreign and U.S. patents covering its proprietary technologies and products, and has more than 81 additional patents filed.

Statistics:

  • Revenues: $4,400,000 (87% increase from $2,300,000 in the same quarter of 1994)
  • First quarter loss: $4,300,000 (down from $6,800,000 in the same quarter of 1994)
  • EDRAM sales in the first quarter: $2,300,000 (up from $738,000 in the same quarter of 1994)
  • FRAM sales in the first quarter: $266,000 (down from $796,000 in the same quarter of 1994)
  • Royalty revenue increase: 72% from the first quarter of 1994
  • Number of patents held: 48 foreign and U.S. patents, with more than 81 additional patents filed

Sources:

  • BUSINESS WIRE, "Ramtron International Corporation Reports Strong First Quarter Results," May 15, 1995.
  • Ramtron International Corporation, Communications Department.