Exar Corporation Reports 11% Sequential Revenue Growth for Fourth Quarter Fiscal 2002

4/24/2002 - Exar Corporation (NASDAQ: EXAR), a leading provider of high-performance, mixed-signal silicon solutions for the worldwide communications infrastructure, today reported fiscal 2002 fourth quarter and year end operating results. Revenue for the fiscal year ended March 31, 2002 was $55.0 million as compared to $113.0 million for the previous year. Operating loss was $8.9 million versus an operating income of $18.1million in fiscal 2001. Net income was $4.0 million as compared to $28.4 million for the previous year. For fiscal 2002, EPS was $0.10 per diluted share compared to $0.66 per diluted share for the previous fiscal year.

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