ICsense reports a 35% operating cash flow growth
ICsense has announced the financial results of its 10th fiscal year. The company reports 35% operating cash flow growth, a 16% increase in revenue, and a team expansion to 55. This growth affirms its position as the largest fab-independent mixed-signal IC design group in Europe. The achievements were acknowledged by business analysts such as Ernst & Young, Deloitte and Trends.
ICsense’s latest financial year was the strongest ever as a result of a growing customer base worldwide and as a consequence of its reputation for first silicon success. Bram De Muer, CEO, ICsense commented: “We particularly saw a strong demand in automotive ISO26262 compliant ASIC design and supply projects for i.a. crankshaft, drive by wire and vehicle communication. These come in addition to the specialised medical designs such as an advanced electronic therapy adherence patch and industrial ASICs where functional safety is key.”
ICsense has doubled its digital IC design team to tackle the increasing amount of digital signal processing required in today’s ASICs. In Q4, the company will move to a larger office able to accommodate close to 100 engineers and with a lab space of more than double the area available today. In addition, ICsense has added an HR manager and a financial and supply coordinator.
“In the first half of 2015 alone, we have won two long-term supply contracts where we will develop and supply a custom mixed-signal ASIC exclusively for these customers. These project wins fit perfectly in our five-year plan to double our revenue by expanding the exclusive ASIC design and supply business on top of our custom IC design services,” concluded Bram De Muer.
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