IPO Filing: Entropic Communications, Inc.

July 27, 2007 by Douglas A. McIntyre

Entropic Communications, Inc. has filed to come public via an IPO this morning with a nominal $100 million as the amount to be wsold in common stock.  Entropic has registered the ticker "ENTR" on NASDAQ for its trading.  It also listed Credit Suisse and Lehman Bros. as lead underwriters, and has co-managers listed as Thomas Weisel, JMP Securities, and ThinkEquity partners.

Entropic is a fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. Its technologies are aimed to change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home.  Its technologies enable connected home networking of digital entertainment over existing coaxial cables and is a founding member of the Multimedia Over Coax Alliance.  Entropic sells home networking chipsets, high-speed broadband access chipsets, integrated circuits that simplify and enhance digital broadcast satellite, and silicon TV tuner ICs.

The company was founded in 2001.  In 2006, the company posted a pro forma revenue basis of $67.6 million that generated a loss from operations of $22.96 million.  In the first quarter of 2007, Entropic on a pro forma basis generated a $2.896 million loss on $29.24 million in revenues.

Jon C. Ogg
July 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.