Power Integrations today announced financial results for the quarter and year ended December 31, 2015. Net revenues for the fourth quarter were $87.3 million, down two percent from the prior quarter and up one percent compared to the fourth quarter of 2014. Net income was $12.7 million or $0.44 per diluted share, compared to $0.39 in the prior quarter and $0.48 in the fourth quarter of 2014. Cash flow from operations for the fourth quarter was $24.8 million.
The U.S. EPA recently finalized Version 7 of its ENERGY STAR spec for displays. The new spec is projected to save over $130M in energy costs annually. The spec covers two categories of products: monitors and signage displays. For further details, read Mr. Green's latest blog.
Power Integrations today announced its LYTSwitch™-5 single-stage LED driver IC family. LYTSwitch-5 devices combine PFC and constant-current output, and support multiple common LED driver topologies. The LYTSwitch-5 family supports the safety-rated isolated flyback topology for ballast applications, and non-isolated topologies such as buck and buck-boost for low-cost lamps and bulbs.
Power Integrations today announced its InnoSwitch™-CP family of off-line CV/CC flyback switching ICs. The new devices incorporate a constant power output profile which, when paired with an adaptive-voltage protocol such as Qualcomm® Quick Charge™ 3.0 or USB-PD, permits smart mobile device makers to optimize charging time across a range of products.
The U.S. Environmental Protection Agency (EPA) has begun developing version 5 of its ENERGY STAR spec for set-top boxes. Covered products include traditional set-top boxes or STBs and Display-less Video Gateways or DVGs. Several changes to the allowed energy consumption are under consideration. To get the details, read Mr. Green's latest blog.