SAN JOSE, Calif. - February 21, 2002 - Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for the second fiscal quarter ended December 31, 2001. Net revenue for the three months ended December 31, 2001 was $26.4 million compared to $18.4 million for the three months ended December 31, 2000, an increase of 43.2%. Net income for the three months ended December 31, 2001 was $2.8 million, which is $0.42 per basic share or $0.14 per diluted share, compared to a net loss of $184,000, or $0.03 per basic and diluted share, for the three months ended December 31, 2000.
The final results for the second fiscal quarter were consistent with the amounts indicated in the Company’s Prospectus dated January 29, 2002. The Company completed an initial public offering (IPO) of 5,000,000 shares of common stock at $11.00 per share on February 1, 2002, which was the first IPO in the United States during 2002. On the same day, Bear, Stearns & Co. Inc., SG Cowen, and SoundView Technology Group exercised their over-allotment option to purchase 750,000 shares from certain stockholders. In view of the recent completion of its IPO, the Company will not host a conference call to discuss second quarter fiscal 2002 results. Synaptics will begin hosting quarterly conference calls on or around April 25, 2002 following the close of the third fiscal quarter ending March 31, 2002.
Synaptics is the leading worldwide developer and supplier of custom-designed user interface solutions for notebook computers. Synaptics products include TouchPadTM, a small, touch-sensitive pad for interactive input; TouchStykTM, a capacitive pointing stick solution; ClearPadTM, a capacitive touch screen solution; Spiral®, an inductive pen-sensing technology; and QuickStroke®, a patented pattern recognition technology for Chinese handwriting recognition. Synaptics is based in San Jose, California. The company can be contacted at (408) 434-0110, on the web at www.synaptics.com, or via e-mail at email@example.com.