Brillian Corporation to Report Fourth Quarter and Full Year Results by End of February
Brillian Corporation to Report Fourth Quarter and Full Year Results by End of February
TEMPE, Ariz., Jan. 27 /PRNewswire-FirstCall/ -- Brillian Corporation (NASDAQ:BRLC), a designer and developer of rear-projection, high-definition televisions based on its proprietary liquid crystal on silicon (LCoS(TM)) microdisplays, today announced that it expects to report its financial results for the fourth quarter and full year ended December 31, 2004 by the end of February.
"We usually release our financial results in the fourth week following the end of the quarter," commented Wayne Pratt, Brillian's Chief Financial Officer. "We are now required under Generally Accepted Accounting Principles to perform an annual analysis of our long-lived assets, such as Intangible Assets and Property and Equipment, and we are going through the added process of having a third party evaluation of these assets. This added step adds time to the reporting and auditing process. We believe this process should be complete prior to the end of February and we expect to announce our results significantly in advance of our Form 10-K filing deadline of March 31, 2005."
About Brillian Corporation
Brillian Corporation designs and develops rear-projection HDTVs targeted at retailers and end user customers looking for breakthrough performance and image quality that sets a benchmark in HDTV price/performance. The company is the first and only provider of LCoS(TM) Gen II technology used in these products. In addition to its high-definition televisions, Brillian also offers a broad line of LCoS(TM) microdisplay products and subsystems that original equipment manufacturers (OEMs) integrate into proprietary HDTV products, multimedia projectors, and near-to-eye products such as monocular and binocular headsets. Brillian's LCoS(TM) Gen I and LCoS(TM) Gen II microdisplay technologies address the market demand for a high-performance display solution with high image fidelity, high-resolution scalability, and high contrast ratios. The company's website is www.brilliancorp.com.
Brillian is a registered trademark and LCoS is a trademark of Brillian Corporation. All other trademarks are the property of their respective owners.
Source: Brillian Corporation
CONTACT: Wayne Pratt, Vice President, Chief Financial Officer of
Brillian Corporation, +1-602-389-8797, wayne.pratt@brilliancorp.com
Web site: http://www.brilliancorp.com/
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