[May 15, 2012] DSP Group Q1 net loss decreases Tweet May 15, 2012 (Datamonitor via COMTEX) -- DSP Group, Inc, a provider of wireless chipset solutions for converged communications, has reported a net loss of $3.26 million, or $0.14 loss per share for the first quarter ended March 31, 2012, compared to a net loss of $4.56 million, or $0.19 loss per share for the corresponding quarter ended March 31, 2011. Revenues for the first quarter ended March 31, 2012 were $43.50 million, compared to $48.78 million for the first quarter ended March 31, 2011. Ofer Elyakim, CEO of DSP Group, said, "Our first quarter results were better than previously expected, driven by record VoIP revenues, higher gross margins and lower operating expenses. While we are disappointed with our first quarter's non-GAAP operating loss, we remain focused on meeting our objective to generate positive operating cash flows this year, and shall continue to closely monitor market trends and implement additional cost cutting measures whenever necessary." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]