Fabless semiconductor company Entropic Communications Inc. (ENTR), Monday reported a narrower net loss for the third quarter due to strong demand for its satellite products, as well as lower expenses.
The company posted a GAAP net loss attributable to common stockholders of $1.2 million or $0.02 per share for the third quarter, compared to a loss of $7.1 million or $0.11 per share in the prior year quarter.
Excluding items, non-GAAP net income was $1.4 million or $0.02 per share, compared to a loss of $1.2 million or $0.02 per share in the year-ago quarter.
Third quarter net revenues declined to $31.0 million from $31.7 million in the same quarter last year.
Total operating expenses for the quarter eased to $16.9 million from $17.2 million in the prior year quarter.
For the nine-month period of 2009, the company reported net loss attributable to common stockholders of $14.3 million or $0.21 per share, compared to a loss of $17.4 million or $0.26 per share in the previous year period.
On a non-GAAP basis, net loss was $3.4 million or $0.05 per share, compared to net income of $3.2 million or $0.04 per share in the prior year period.
Net revenues for the period decreased to $81.2 million from $116.5 million in the year-ago period.
ENTR closed Monday's regular trading session at $2.55, down 9 cents or 3.41%. In the after-hours, the shares gained 30 cents or 11.76%.
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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.