Company Profile For Innovision Research and Technology PLC

Innovision Research and Technology PLC (INNV.L) (London Stock Exchange)

sector: Technology · industry: Semiconductors ·

As of 24 Nov 2009

22.00GBp

Price Change

-0.25

Percent Change

-1.12%

Analyst Recommendations

Overview

Innovision Research & Technology plc is engaged in the design of near-field data communications and radio frequency identification (RFID) solutions, focusing on the development and licensing of custom integrated circuits. As of March 31, 2009, the Company’s business was organized into three segments: development engineering, which included the provision of custom integrated circuit (IC) design solutions; licence fees and royalties, which comprised licenses and royalties paid to the Company for use of existing intellectual property (IP) and expertise, and product sales, which included sales of the Company’s Jewel, Topaz and other physical products. Innovision Research & Technology plc’s primary product is semiconductor IP, which its customers license for integration into their own ICs and end-system products.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Innovision Research and Technology plc's revenues decreased 65% to £1.2M. Net loss increased 32% to £2.6M. Revenues reflects a decrease in demand for Company's products & services. Net loss was partially offset by a decrease in cost of sales and decreased administrative expenses. The Company is engaged is the design of near-field data communications and radio frequency identification design.