ST annual revenues fall to $8.02 billion; expects 9.5% fall in Q1

STMicroelectronics had Q4 revenues of $2.01 billion, gross margin was 32.9%, and the net loss was $36 million.

Carlo Bozotti - Chief Executive Officer of STMicroelectronics

2013 full year revenues were $8.08 billion for a net loss of $500 million.

2012 revenues were $8.49 billion and 2011 revenues were $9.7 billion.

In the last two years ST has racked up losses of $1.6 billion.

"In the first quarter, we expect overall revenues to decrease sequentially by about 9.5%," said ST CEO Carlo Bozotti.

ST had net cash of $741 million on December 31, 2013, compared to $1.19 billion on December 31, 2012.

ST's had 'financial resources' of $1.89 billion and debt of $1.15 billion on December 31, 2013, compared to $2.49 billion and $1.30 billion, respectively, on December 31, 2012.

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