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ANADIGICS – We are acutely focused on execution in 2012

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ANADIGICS, Inc. (Nasdaq: ANAD), a leading provider of semiconductor solutions in the broadband wireless and wireline communications markets, reported fourth quarter 2011 net sales of $36.5 million, a decrease of 2.0% sequentially and a decrease of 39.4% from the fourth quarter of 2010.  Revenue for the full year 2011 of $152.8 million decreased 29.5% on an annual basis.

  • Quarterly Net Sales of $36.5 Million; a sequential decrease of 2.0%
  • Full Year Net Sales $152.8 Million; an annual decrease of 29.5%
  • Quarterly GAAP EPS ($0.23); Non-GAAP EPS ($0.14)
  • Full year GAAP EPS ($0.73); Non-GAAP EPS ($0.47)

As of December 31, 2011, cash, cash equivalents and short and long-term marketable securities totaled $93.6 million.

GAAP net loss for the fourth quarter of 2011 was $15.6 million, or ($0.23) per diluted share.  GAAP net loss for 2011 was $49.3 million, or ($0.73) per share. Non-GAAP net loss for the fourth quarter of 2011 was $9.5 million, or ($0.14) per share.  Non-GAAP net loss for the year was $31.7 million or ($0.47) per diluted share.


“While revenue declined slightly during the fourth quarter, our Wireless business grew sequentially for the second consecutive quarter and we continued to make notable progress on new product development,” commented Ron Michels, president and CEO. “We have received strong customer interest in our expanding portfolio of PADs, Multi-Mode-Multi-band PAs, and Penta-Band PA for 3G/4G applications, which provide industry-leading performance. Additionally, our new circuit architecture for dual-band PAs gives us a strong competitive advantage that will enable us to increase our 3G/4G market penetration. As we look beyond the seasonal first quarter, our new products serving an expanded addressable market will position us for growth in second half of 2012 and beyond.”

“We are acutely focused on execution in 2012,” said Terry Gallagher, vice president and CFO. “In commenting on the first quarter, we expect revenues to reflect the high end of seasonal softness in addition to a decline in revenue from products sold to our former top customer reaching end of life.”

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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