Synaptics Reports Record Results for First Quarter of F... (ties and stockholders' equity ...)

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Synaptics Reports Record Results for First Quarter of Fiscal 2009

Date:10/23/2008

ties and stockholders'

equity $333,733 $306,361

Note:

All share amounts reflect the 3-for-2 stock split effected as a stock

dividend and paid on August 29, 2008.

SYNAPTICS INCORPORATED

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

Three Months Ended

September 30,

2008 2007

Net revenue $115,857 $86,692

Cost of revenue (1) 69,264 51,228

Gross margin 46,593 35,464

Operating expenses

Research and development (1) 15,805 10,402

Selling, general, and

administrative (1) 14,570 10,750

Total operating expenses 30,375 21,152

Operating income 16,218 14,312

Interest income 1,258 2,995

Interest expense (449) (475)

Gain on settlement of debt - 2,689

Impairment of investment - (4,000)

Income before income taxes 17,027 15,521

Provision for income taxes (2) 3,068 4,259

Net income $13,959 $11,262

Net income per share:

Basic $0.41 $0.29

Diluted
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SOURCE Synaptics Incorporated
Copyright©2008 PR Newswire.
All rights reserved

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