Zoran posted a non-GAAP net loss of $21.5 million for the year 2010, on revenues of $357 million, with a loss of $15 million for Q4 2010 alone. Despite a material revenue run-rate contributed by the Microtune acquisition (based on quarterly revenues of $24 million in Q2 2010), Zoran reported revenues of $85 million for Q1 2011, with a non-GAAP net loss of $21 million. The company reported a reduced outlook for its digital camera business for the remainder of the year due to Cisco's exit from the video camcorder business. For Q2 2011, its last quarter as an independent company, revenues declined to $83 million with a non-GAAP net loss of $18 million, although it forecast revenue growth to between $100 million and $105 million for the seasonally stronger third quarter of 2011.