The turnover amounts to 14.9 M€ over the fiscal year F-15 closed on March 31, confirming the level reached over the fiscal year 2013.

In k€
(31 March)
(31 March)
(30 Sept.)
(30 Sept.)
Semester SI
Semester SII
Yearly sales turnover
* Unaudited

The two semesters of this year nonetheless appear less satisfactory than the two previous semesters, noticeably because, on the one hand of the drop of oil prices, which has an impact on our recurring sales concerning related applications, on the other hand of the need to deploy a new sales process for increasing the average turnover per sale.

About the first point, the company announces positive elements, as a new contract was signed with a major equipment maker for the development of a kit of five circuits, in a different application domain.

About the second point, the company must and can offer complete solutions for the integration of circuits with very low power-consumption, using panoplies satisfying more functional needs at the level of each circuit. Their demand is strong on the markets of the Internet of Things and of portable equipment in general. The largest worldwide actors now are counted among the first customers for this offering.

Financial status

At the closing of the previous fiscal year F-15, the company reinforced its financial structure by raising 2.1 M€ of mid-term loans from banks and from BPI France, cashed-in at the beginning of 2015.

It now is scheduled to cash-in at the beginning of July (same as last year) the term of Research tax Credit over 2014 amounting to 1.8 M€.

In the meantime and on March 31, the company has paid all late fiscal debts and maintained its overdue social debts to 210 k€; it has decreased overdue suppliers’ debts to 520 k€.


The backlog of orders is maintained slightly above hundred and twenty days of the average sales turnover with the objective of growth for the fiscal year F-16. These objectives thus account for the consequences of the drop of oil prices upon some sales, knowing that the perspectives on other lines of products or service enable to compensate for it.

The capability of the company to reach its forecasts of sales turnover in this context, while maintaining its level of profitability, and well as the support of the appropriate banking and financial institutions, continue to be a key element of the period to come.

The company besides is reinforcing its managerial organization through some key recruiting aiming at enhancing its efficiency and at implementing its succession plan.

For the board of directors, the executive chairman

About Dolphin Integration Logo PEA PME

Founded in 1985, the company is a technological leader acknowledged in the industry of design in microelectronics for products with low power consumption.

It has experienced 30 years of R&D, protected by a score of patents and by proprietary EDA solutions, so as to offer within a short deadline new standard or custom products, for both consumer applications and markets of industry and aeronautics.

Its headquarters are in Meylan in the region of Grenoble, in Laval, Québec and in Netanya, Israel. It today counts 196 employees including 160 engineers and scientists.

Code ISIN: FR0004022754/ ALDOL – Bloomberg: ALDOL FP – Reuters: ALDOL.PA – ICB 9576. Semiconductors.

Contact: Michel DEPEYROT, Executive chairman –