DSP Group Inc. (DSPG) 2015年年度报告「NASDAQ」.pdf

1、 April 2016 Dear Stockholders:2015 was a banner year for DSP Group,highlighted by the return to full year revenue growth.This accomplishment was driven by a 35%increase in revenues from new product initiatives and our successful entry into the mobile market,which was a milestone event for DSP Group

2、and the HDClear product line.We successfully transitioned the company back to growth by diligently executing on our higher margin,new product initiatives.This included record revenue contributions from new products,major design wins for mobile,record revenues in VoIP and strategic design wins with U

3、LE.The new DSP Group is a combination of two businesses;the first is a highly profitable,mature cordless telephone business,although declining,continues to generate significant cash flows.More importantly,the second is a growth business that generated revenues of$40 million in 2015,growing at 35%yea

4、r-over-year.This portfolio consists of new products with strong competitive positions and addresses growing market opportunities.Moreover,the growth business supports a better margin profile and its growth rate is expected to accelerate in 2016.*The proven success of our new product initiatives is p

5、ropelling us rapidly towards a major inflection point where the high growth,high margin segments will become the dominant part of our business and the basis for sustaining our long-term value.Given the solid execution by our team and the successful market adoption of our new initiatives in VoIP,Mobi

6、le,HGW and ULE,we are confident in our ability to sustain long term revenue growth.*2015 new product highlights:1.Office/VoIP segment Posted solid revenue growth of 56%year-over-year to$22.2 million,lifted by strong demand for our VoIP SoCs.We expect recent Tier 1 design wins to materialize into mas