Ramtron Reports Second-Quarter 2008 Financial Results

COLORADO SPRINGS, Colo. --(Business Wire)-- Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, today reported total revenue of $15.5 million for the second quarter of 2008, 26% higher than the $12.3 million reported for the same quarter of 2007. Second-quarter product revenue was $15.1 million, 27% higher than product revenue of $11.9 million reported for the same quarter last year. Second-quarter net income was $779,000, or $0.03 per share, compared with net income of $248,000, or $0.01 per share, for the same quarter a year earlier. Second-quarter 2008 results include non-cash, stock-based compensation expense of $472,000, and an income tax provision of $513,000, of which $486,000 was non-cash.... [read full story]