SCIENCE

NetLogic Microsystems has announced financial results for its fourth quarter and fiscal year ended Dec. 31, 2010.

Revenue for the fourth quarter of 2010 was $100.4 million, a 0.4 percent sequential increase from $100.1 million for the third quarter of 2010 and a 44.5 percent increase from $69.5 million for the fourth quarter of 2009.

Fourth quarter 2010 net loss, determined in accordance with generally accepted accounting principles (GAAP), was $9.4 million or $0.14 per diluted share. By comparison, GAAP net loss was $37.2 million or $0.71 per diluted share for the fourth quarter of 2009. GAAP net loss for fourth quarter 2010 included stock-based compensation and related payroll taxes, changes in contingent earn-out liability, amortization of intangible assets and a release of deferred tax valuation allowance. Excluding these items, non-GAAP net income for the fourth quarter of 2010 was $32.9 million or $0.45 per diluted share, compared with $0.30 per diluted share for the fourth quarter of 2009.

For the fiscal year 2010, revenue was $381.7 million, a 118.5 percent sequential increase from $174.7 million for fiscal year 2009.

Fiscal year 2010 GAAP net loss was $66.4 million or $1.10 per diluted share. By comparison, GAAP net loss for fiscal year 2009 was $47.2 million or $1.02 per diluted share. GAAP net income for fiscal year 2010 included stock-based compensation and related payroll taxes, changes in contingent earn-out liability, amortization of intangible assets, fair value inventory adjustments and related taxes, acquisition-related costs, lease termination costs and a release of deferred tax valuation allowance. Excluding these items, non-GAAP net income for fiscal year 2010 was $107.4 million or $1.58 per diluted share, compared with $0.86 per diluted share for fiscal year 2009.