Vimicro International Corp. (VIMC) Wednesday said its loss for the first quarter narrowed from last year, due mainly to lower operating expenses. Last year's results included a loss from discontinued operations.
The Beijing, China-based company's attributable net loss for the first quarter was $3.68 million or $0.03 per share, compared to $5.96 million or $0.04 per share last year. On American Depositary Share or ADS basis, loss narrowed to $0.11 from $0.16 last year.
For the quarter, adjusted loss attributable to the company widened to $3.50 million from $5.05 million in the similar quarter last year.
For the quarter, loss from continuing operations increased to $5.52 million or $0.03 per share from $5.28 million or $0.02 per share in the year-ago quarter. On ADS basis, loss widened to $0.11 from $0.09 last year.
Adjusted loss from continuing operations increased to $0.10 per share from $0.07 per share last year.
Comprehensive loss attributable to the company narrowed to $3.66 million from $6.35 million last year.
Total revenues for the quarter dropped to $11.57 million from $12.11 million in the prior-year quarter.
For the quarter, total operating expenses decreased to $9.0 million from $10.69 million in the year-ago quarter. Loss from discontinued operations were $2.60 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.