Wednesday, March 11, 2009

Techwell 10K

Revenue and trend by product line: "Revenues were $67.6 million in 2008 and $59.9 million in 2007, an increase of 13% in 2008 over 2007. Revenues from our security surveillance products were $52.7 million an increase of approximately $12.1 million, or 30%, in 2008 compared to 2007, primarily as a result of the increase in sales of our integrated four-in-one security surveillance products. Revenues from our LCD display products were $7.1 million, an increase of approximately $1.0 million, or 17%, in 2008 compared to 2007, primarily as a result of an increase in demand in the automotive market for vehicles with an in-car LCD display that utilize our products. Revenues from our video decoder products were $7.6 million, a decrease of approximately $4.7 million, or 38%, in 2008 compared to 2007, primarily as a result of a decrease in demand for our video decoders. Additionally, sales of our video decoders have also been impacted by the shift to application-specific products specifically designed for the security surveillance and automotive infotainment markets. Other revenues decreased to $0.3 million in 2008 as compared to $1.0 million in 2007, primarily as a result of decreased sales of our PCI video decoder products."

Wafer foundry:
"We currently outsource our semiconductor manufacturing primarily to Taiwan Semiconductor Manufacturing Company, or TSMC."

Assembly and test: "We outsource all packaging and testing of our products to assembly and test subcontractors, primarily to Advanced Semiconductor Engineering, Inc., or ASE, in Taiwan."

Employees: "As of December 31, 2008, we employed 165 full-time employees, including 78 in research and development, 52 in sales, marketing and support, 17 in operations and 18 in general and administration. "

Patent foundation: "As of December 31, 2008, we had two issued patents in the United States and five patent applications pending in the United States and two applications pending in foreign jurisdictions."