Intermolecular (IMI) Tops Q3 EPS by 2c

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Go back to Intermolecular (IMI) Tops Q3 EPS by 2c

Intermolecular Announces Third Quarter 2014 Financial Results

October 31, 2014 8:10 AM EDT

SAN JOSE, Calif., Oct. 31, 2014 (GLOBE NEWSWIRE) -- Intermolecular, Inc. (Nasdaq: IMI) -- accelerating research and development for semiconductor and clean energy industries -- today announced results for its third quarter ended September 30, 2014.

Revenue for the third quarter of 2014 was $10.9 million, a decline of 39% from $17.7 million in the year-ago period, but up from the prior quarter's revenue of $9.9 million. Collaborative development program (CDP) revenue was $7.7 million for the quarter, compared to $11.2 million in the prior year period. Licensing and royalty revenue was $3.2 million, compared to $3.8 million for the same period a year... More