HILLSBORO, Ore., Aug. 7 /PRNewswire-FirstCall/ -- MathStar, Inc. (Nasdaq:
MATH), a fabless semiconductor company specializing in high-performance
programmable logic, today announced results for its second quarter of 2007,
ended June 30, 2007 . Revenues in the second quarter were
"In the second quarter, we successfully completed a follow-on offering of
25 million shares of common stock, which netted the company
The company reported second quarter gross margins of 55 percent.
Research and development expenses decreased
For the quarter ended June 30, 2007 , selling, general and administrative
The company will present a full business update during a conference call today, Tuesday, Aug. 7 , at 1:30 p.m. PDT . To listen to the call, please dial (303) 262-2075 or (800) 218-0713 (toll free). A replay of the call will be available on the company's website at http://www.mathstar.com.
About MathStar, Inc.
MathStar is a fabless semiconductor company offering best-in-class, high performance programmable logic solutions. MathStar's Field Programmable Object Array (FPOA) can process arithmetic and logic operations at clock rates at 1 gigahertz, which is up to four times faster than even the most advanced FPGA architectures in many applications. MathStar's Arrix family of FPOAs are high- performance programmable solutions that enable customers in the machine vision, high-performance video, medical imaging, security & surveillance and military markets to rapidly and cost effectively innovate and differentiate their products. FPOAs are available now and are supported by development tools, IP libraries, application notes and technical documentation. For more information, please visit www.mathstar.com.
Statements in this press release, other than historical information, may be "forward-looking" in nature within the meaning of Section 21E the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and assumptions. These statements are based on management's current expectations, estimates and projections about MathStar and its industry and include, but are not limited to, those set forth in the section of MathStar's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2007 under the heading "Risk Factors." MathStar undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE MathStar, Inc.