Parthus Technologies Plc Announces Strong Second Quarter and First Half Results

7/18/2002 - Parthus Technologies plc (LSE: PRH; Nasdaq: PRTH) today announced its financial results for the second quarter and the six months ended June 30, 2002. Results are prepared and reported under U.S. GAAP.

Highlights for the second quarter ended June 30, 2002

The reported net loss for the second quarter 2002 was $2.3 million, representing a net loss of $0.004 per ordinary share or $0.039 per ADS. The pro forma1 net earnings for the second quarter 2002 were $66,000.

Highlights for the six months ended June 30, 2002

The reported net loss for the first half 2002 was $5.6 million, representing a loss of $0.010 per ordinary share or $0.095 per ADS.The pro forma1 net loss for the first half 2002 amounted to $2.4 million, representing a loss of $0.0041 per ordinary share or $0.041 per ADS.

1 Pro forma results exclude amortization of intangibles, merger and non-stock cash compensation costs

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