Dalsa Reports First Quarter Financial Results

Dalsa reported revenues from continuing operations of $ 37.9 million for the quarter ended March 31, 2009 in comparison to $ 54.2 million for the first quarter of 2008 (-30.0 %) and net income from continuing operations of $ 1.3 million in comparison to $ 5.7 (-76.7 %) or $ 0.07 per share, diluted. Standard product gross margin percentage is 35.5 % in comparison to 45.3 % in the first quarter of 2008 (-9.8 p.p.). “In the first quarter, as anticipated, the dramatic downturn in the global economy had a negative impact on our financial results,” commented Brian Doody, Chief Executive Officer. “Our Digital Imaging business was hardest hit, as we saw a sharp decrease in demand from Asian OEM customers involved in semiconductor, flat panel, and electronics manufacturing. In our Semiconductor business, despite another record quarter of MEMS shipments, we saw a more moderate decline in revenue, due largely to an expected decrease in demand for CMOS wafer processing.”