eASIC Reports Continued Revenue Growth and Record Profitability

Company completes fifth consecutive quarter of non-GAAP profitability and withdraws S1 filing

SANTA CLARA, Calif. — (BUSINESS WIRE) — December 7, 2015eASIC Corp. (@easic), a fabless semiconductor company that delivers custom IC solutions comprising, the eASIC platform and standard ASICs, today announced that revenues for the nine months ended September 30, 2015 grew 18% over the same period in 2014. The company also reported that it had achieved record non-GAAP profitability for the third quarter of 2015 which was the fifth consecutive quarter of non-GAAP profitability.

“Our continued strong financial performance reflects our expanding customer base and the increased adoption of our custom solutions. Increasingly system OEM customers are looking to utilize custom ICs as a means of adding value to differentiate their products. This is well aligned with the eASIC mission,” said Ronnie Vasishta, eASIC President and CEO. “While we have continued to see revenue growth and increased non-GAAP profitability, we decided to withdraw our Form S-1 filing due to the low valuations seen for technology IPOs in 2015.”

Coming off a record design win quarter, eASIC has now demonstrated its ability to add value in a diverse range of end market applications such as wired and wireless infrastructure, enterprise class storage, datacenter acceleration and prosumer devices.

About eASIC

eASIC is a semiconductor company offering a differentiated solution that enables the rapid and cost-effective delivery of custom ICs, creating value for customers’ hardware and software systems. The eASIC solution consists of three components: the eASIC platform which incorporates a versatile, pre-defined and reusable base array and customizable single-mask layer, ASICs, delivered using either eASIC’s easicopy or standard ASIC methodologies, and eASIC’s proprietary design tools.

With innovative technology, eASIC offers the optimal combination of fast time-to-market, high performance, low power consumption, low development cost and low unit cost for our customers. eASIC is headquartered in Santa Clara, California. Investors include Khosla Ventures, Crescendo Ventures, Seagate Technology, Kleiner Perkins Caufield and Byers (KPCB) and Evergreen Partners.



Contact:

eASIC Corporation
Brent Przybus, 408-855-9200
Email Contact




Review Article Be the first to review this article

Featured Video
Jobs
ASIC Hardware Engineer for BAE Systems Intelligence & Security at Arlington, VA
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, PA
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Design Verification Engineer for intersil at Morrisville, NC
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, CA
Applications Engineer for intersil at Palm Bay, FL
Upcoming Events
IPC APEX EXPO 2018 at San Diego Convention Center San Diego CA - Feb 24 - 1, 2018
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018
DownStream: Solutions for Post Processing PCB Designs



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise