Entropic Communications, Inc. announced its Multimedia over Coax Alliance (MoCA(R)) 1.1 silicon has received golden node certification by the MoCA Board of Directors for the Band E frequency, which is a mid-RF band used in DIRECTV homes. Upon today's approval, Entropic's golden node can be leveraged by National Technical Systems (NTS), the MoCA authorized lab, to execute the MoCA certification testing on new MoCA 1.1 Band E devices. Entropic's MoCA 1.1 Band E solution, embedded in Ethernet-to-Coax Adapters (ECAs), will be used to certify MoCA Band E-compliant devices in the frequency range of 475 -- 625 MHz. Entropic was a key contributor to MoCA's Specification Working Group and Certification Working Group to help define and test the advanced features of the MoCA 1.1 Band E solution, and is proud to drive the standard forward. Entropic's MoCA 1.1 silicon has been golden node certified for Band D frequencies used by cable, telco/IPTV Pay-TV segments since 2008. With the launch of this new Band E certification, copies of Entropic's MoCA golden node can be released to MoCA members interested in serving all three Pay-TV segments, under the MoCA Test Bed Participation Agreement.

Entropic Communications, Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $74,457,000 compared with $59,103,000 a year ago. Loss from operations was $6,699,000 compared with income from operations of $7,386,000 a year ago. Loss before income taxes was $7,051,000 compared with income before income taxes of $6,844,000 a year ago. Net loss was $2,404,000 or $0.03 diluted per share compared with net income of $3,893,000 or $0.04 diluted per share a year ago. Non-GAAP net income was $312,000 against $10,638,000 a year ago. Non-GAAP net income per diluted share earnings per share was $0.00 against $0.12 a year ago. The decline in revenue was due to typical seasonal softness in the company's end markets, MoCA product market share loss from designs lost prior to Entropic having a complete set-top box SoC plus MoCA solution and an unexpected change in deployment plans for HD-DTAs by one of the company's U.S. pay-TV Cable MSO end customers. For the second quarter of 2013, the company expects non-GAAP tax rate will be about 12%, also reflecting the company's revised annual forecast. At the midpoint of guidance, the company expects earnings per share of $0.00. GAAP loss per share is expected to be $0.05. The company expects non-GAAP gross margin to be in the range of 50% to 51%.

Entropic Communications, Inc., Annual General Meeting, May 14, 2013., at 14:00 Pacific Daylight. Location: 6290 Sequence Drive. Agenda: To elect the three nominees for director named in the accompanying proxy statement to hold office until the company’s 2016 annual meeting of shareholders; to cast a vote on advisory approval of the company’s executive compensation, as disclosed in the accompanying proxy statement; to ratify the selection of Ernst & Young LLP as independent registered public accounting firm for the 2013 fiscal year; and to transact any other business that properly comes before the 2013 annual meeting of shareholders, or annual meeting.