Ramtron International Corp. (RMTR, Financial) filed Quarterly Report for the period ended 2009-06-30.
Ramtron International Corporation and its subsidiaries are engaged primarily in the design development manufacture and sale of specialty high performance semiconductor memory devices. Ramtron was the first company to introduce ferroelectric technology in commercial memory products beginning with a 4 kilobit parallel interface product. This product established volume production and demonstrated the benefits of FRAM in a commercial application. Ramtron International Corp. has a market cap of $42.5 million; its shares were traded at around $1.53 with a P/E ratio of 30.6 and P/S ratio of 0.7.
Net loss was $6.7 million, or $0.25 per share, for the six months ended June 30, 2009, compared with net income of $1.3 million, or $0.05 per share, for the six months ended June 30, 2008. Results for the six months ended June 30, 2009 included restructuring and impairment charges of $6.2 million. No such charges were booked in 2008.
Sales and marketing expense was $1.9 million, which was a decrease of $399,000 from 2008. This decrease was due primarily to a $200,000 decrease in internal commission and salary expenses and a $220,000 decrease in travel expense. This decrease was offset by an increase in marketing salaries of $53,000 due to increased headcount compared to the three months ended June 30, 2008.
General and administrative expenses were $1.5 million, which was a decrease of $225,000 from 2008. This decrease was due primarily to a $400,000 decrease in management and employee variable compensation accruals and stock-based compensation, offset by a $200,000 increase in outside services and fees, compared to the prior year quarter.
General and administrative expenses were $3 million, which was a decrease of $588,000 from 2008. This decrease was due primarily to an $800,000 decrease in management and employee variable compensation accruals and stock-based compensation, offset by a $536,000 increase in outside services and fees, compared to the six months ended June 30, 2008.
Other (expense) income was $186,000 of income for the six months ended June 30, 2009, which compared to a $12,000 expense in the same period in 2008. This increase was due primarily to increased foreign exchange transaction gains of $3,000 for the six months ended June 30, 2009, compared to $126,000 of losses during the same period in 2008.
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Ramtron International Corporation and its subsidiaries are engaged primarily in the design development manufacture and sale of specialty high performance semiconductor memory devices. Ramtron was the first company to introduce ferroelectric technology in commercial memory products beginning with a 4 kilobit parallel interface product. This product established volume production and demonstrated the benefits of FRAM in a commercial application. Ramtron International Corp. has a market cap of $42.5 million; its shares were traded at around $1.53 with a P/E ratio of 30.6 and P/S ratio of 0.7.
Highlight of Business Operations:
Net loss was $302,000, or $0.01 per share, for the three months ended June 30, 2009, compared with net income of $779,000, or $0.03 per share, for the three months ended June 30, 2008. Results for the three months ended June 30, 2009 included restructuring expenses of $327,000. No such charges were booked in 2008.Net loss was $6.7 million, or $0.25 per share, for the six months ended June 30, 2009, compared with net income of $1.3 million, or $0.05 per share, for the six months ended June 30, 2008. Results for the six months ended June 30, 2009 included restructuring and impairment charges of $6.2 million. No such charges were booked in 2008.
Sales and marketing expense was $1.9 million, which was a decrease of $399,000 from 2008. This decrease was due primarily to a $200,000 decrease in internal commission and salary expenses and a $220,000 decrease in travel expense. This decrease was offset by an increase in marketing salaries of $53,000 due to increased headcount compared to the three months ended June 30, 2008.
General and administrative expenses were $1.5 million, which was a decrease of $225,000 from 2008. This decrease was due primarily to a $400,000 decrease in management and employee variable compensation accruals and stock-based compensation, offset by a $200,000 increase in outside services and fees, compared to the prior year quarter.
General and administrative expenses were $3 million, which was a decrease of $588,000 from 2008. This decrease was due primarily to an $800,000 decrease in management and employee variable compensation accruals and stock-based compensation, offset by a $536,000 increase in outside services and fees, compared to the six months ended June 30, 2008.
Other (expense) income was $186,000 of income for the six months ended June 30, 2009, which compared to a $12,000 expense in the same period in 2008. This increase was due primarily to increased foreign exchange transaction gains of $3,000 for the six months ended June 30, 2009, compared to $126,000 of losses during the same period in 2008.
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