AUGUST 9--MathStar (Hillsboro, OR, USA) has announced results for its second quarter, ended June 30, 2006. Revenues were $10,000 compared to $25,000 for the same quarter last year. Research and development (R&D) costs for the quarter were $3.2 million, compared to $1.9 million for the same quarter last year. The increase of $1.3 million was primarily the result of increased payroll and contract engineering costs and allocation of rent and other overhead costs from selling, general, and administrative to R&D.
"With the tape out of the production version of our first FPOA in July, the MathStar team is excited to be moving the company from an R&D organization to a commercial enterprise," said Douglas Pihl, CEO and president. "We have committed to first customer shipments of the production version of the FPOA, have a sales team in place, and have released our next-generation FPOA development tools. I believe we have the management team in place to make our company successful."
MathStar is a fabless semiconductor company that designs, manufactures, and markets a new class of programmable logic chips called field programmable object arrays (FPOAs), which are high-performance, reprogrammable integrated circuits based on proprietary Silicon Object technology. MathStar reprogrammable FPOA can process logic functions at a clock rate up to 1-GHz. FPOAs are available now and supported by a wide range of development tools, libraries, application notes, and technical documentation. For more information, visit www.mathstar.com.
