Lossy Imagination Says There's Good Signs in Graphics

Peter Clarke, EETimes
7/5/2016 09:00 AM EDT

Imagination Technologies Group plc (Kings Langley, England) has told analysts that it has made a market share gain for its graphics processor intellectual property in mid-tier mobile phones and continues to be the market leader at the high-end. However, that did not prevent the troubled company from reporting financial losses for its financial year ended April 30, 2016.

The company reported a retained loss of £80.9 million on revenue of £120.0 million. This compares with a retained loss of £13.0 million on revenue of £156.8 million in the previous year. Licensing revenue from continuing operations more than halved to £17.1 million from £37.8 million in the previous year. Royalties from continuing operations also declined to £102.7 million from £118.4 million in the year before.

Net debt at the year-end was £33.0 million compared with £27.2 million a year before.

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