OmniVision Reports Fourth-Quarter and Fiscal 2005 Results

Company reports that SEC inquiry has been terminated, plans stock repurchase


OmniVision Technologies, a supplier of CMOS image sensors for security/surveillance cameras as well as consumer electronics, has reported earnings of $17.7 million for its fourth fiscal quarter. The companies Q4 2005 ended on April 30.

The earnings correlate to $.30 per diluted share, based upon the company's total revenues of $103 million. Earnings per share were slightly down over the previous fourth quarter (2004).

For its fiscal year, the company reported total earnings of $76.4 million, with total revenues of $388.1 million, and $1.24 per diluted share.

During this fiscal year, the company acquired CDM Optics and has delineated a $100 million share repurchasing program. Shaw Hong, the president and CEO of OmniVision, also reported that the SEC's inquiry into the company has been terminated "without any recommendation for any enforcement action."