LED maker Cree have announced record revenue of $264 million for their fourth quarter of fiscal 2010, ended June 27, 2010. This represents a 13% sequential increase, and a 79% increase compared with the same quarter last year.
For the fiscal year ended June 27, 2010, Cree reported revenue of $867.3 million, which represents a 53% increase compared to revenue of $567.3 million for fiscal 2009.
“Entering fiscal 2011, we are focused on extending our leadership position while we build the scale, cost structure and channels to win in the market” stated Chuck Swoboda, Cree chairman and CEO
Among their recent business highlights, Cree signed a comprehensive, worldwide patent cross-license agreement with Philips designed to further accelerate the growth of the LED lighting market.
The company also extended the warranty on its family of fixture products to five years, and announced the LR6-DR1000 six-inch downlight, as well as the Cree LR24HE troffer , a new LED-based troffer that is the first indoor fixture known to deliver more than 100 lm/W fixture efficacy.
