Processor and technology developer TTP Communications said it was encouraged by the outlook for the year ahead, despite reporting a pre-tax loss of £2.7million for 2003/4, compared to a 36.6million profit in 2002/03.
The company said a profitable second quarter gave it reason to be cheerful,despite a rough first half to the year, and it is forecasting revenues up 20% in financial year 2004/05. Revenues from ip access, its in-building GSM unit, were up to £3million from less than half a million in the year previous. TTP is targetting £10million revenues from in-building business in the coming year.
There was also a good market reaction to the company’s single processor modem, TTP said. The single processor configuration of its cellular baseband engine integrates the complete modem from RF drivers to protocol stack software (GSM, GPRS and EDGE) on the Digital Signal Processor (DSP). A single processor enables handset manufacturers to use the second processor for applications or open operating systems, whilst minimising silicon count.
TTP began interoperability testing of the single processor EDGE modem in March 2004.