What You Should Do With Entropic Communications, Inc. (NASDAQ:ENTR) Now?
Entropic Communications, Inc. (NASDAQ:ENTR) reported 4Q and year end operations results during 5th February. The highlight of the conference call was the significant 35.4 percent dip in revenue for the quarter in comparison to 4Q12. The markets reacted to the slowdown in revenue by en mass selling the stock, resulting in the stock losing 6 percent of its market value.
Year Of Transition
Entropic Communications, Inc. (NASDAQ:ENTR) Chief Executive Officer, President and Director Patrick C. Henry has been quoted to have explained that “2013 was a year of transition for Entropic. We invested in our product portfolio, including our integrated SoC plus MoCa products, as well as our best-in-class discrete product offering. We also worked to secure design wins for our discrete and bundle SoC plus MoCa solutions and expanded our presence outside the U.S. across all our product offerings.”
Quarter and Full Year Highlights
In the 4 quarter, platform semiconductor solutions major saw its revenue come in at $57.9 million, which was a 3 percent upwards move, compared to its 3Q12. For the full year, revenue came in at $259 million.Non GAAP net loss per share was 6 cents for the 4Q, while for the full year, the net loss per share came in at 11 cents.
Entropic Communications, Inc. (NASDAQ:ENTR) believes that the key market drivers which will take their business ahead in 2014 would continue to be the titanic shift in the way home entertainment and its attendant support markets are gaining momentum in U.S and across the globe. Hence the firm is looking at consolidating its position as a premier home entertainment network and backbone infrastructure provider covering “networks to IP” at cost effective prices. It is also working on bringing out products which will provide seamless transition into a IP setup using rugged and secure wired backbone using the “MoCa technology” geared to provide single-wire architecture which supports satellite broadcast.