Power Integrations today announced financial results for the quarter and year ended December 31, 2014. Net revenues for the fourth quarter were $86.6 million, down four percent from both the prior quarter and the fourth quarter of 2013.
Commented Balu Balakrishnan, president and CEO of Power Integrations: "While disappointed with our 2014 results overall, we closed out the year with a solid quarter and now look forward to renewed growth in 2015. We are embarking on a promising new product cycle led by the revolutionary InnoSwitch™ family, which brings an unprecedented level of integration to a wide range of AC-DC applications."
For further details, read today's press release.