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News

25 July 2006

 

Anadigics reports Q2/2006 sales up 68% year-on-year

For second-quarter 2006, wireless and broadband communications solutions supplier Anadigics Inc of Warren, USA has reported its fifth consecutive quarter of revenue growth. Net sales were $40.2m (exceeding prior revenue guidance), up 12.6% on the prior quarter's $35.7m and up 68% on $23.9m a year ago.

Net loss, calculated in accordance with generally accepted accounting principles in the US (GAAP), was cut to $2.8m, compared with $4.6m in the prior quarter and $9.1m a year ago. Pro forma net loss, excluding non-cash stock compensation expense, was $1.0m.

Cash and short and long-term marketable securities fell slightly from $134.5m to $128.9m.

"We expect our revenue momentum and operating leverage to continue as a result of our strong positioning in existing growth markets including third-generation (3G) cell phones, Wi-Fi, and Tuner Ics," said Dr Bami Bastani, president and CEO.

For Q3/2006, ANADIGICS forecasts net sales up 7-9% sequentially and up 50% year-on-year.

Visit: http://www.anadigics.com