BCD Semiconductor Manufacturing Limited Announces Financial Results For The Fiscal Fourth Quarter And The Fiscal Year 2010
The following statements are based upon management's current expectations. These statements are forward looking, and actual results may differ materially. BCD Semiconductor undertakes no obligation to update these statements.
Revenue for the first quarter of fiscal year 2011 is expected to be in the range of $30 to $31 million, representing growth of approximately 5% to 8% when compared to Q1 2010. Gross margin is expected to be in the range of 29.5% to 30.5% for the first quarter of fiscal year 2011. Total ADS shares outstanding on a fully-diluted basis at the end of the first quarter are expected to be approximately 21.9 million.
Conference Call and WebcastBCD Semiconductor plans to conduct an investor teleconference and live webcast to discuss the financial results for the fiscal fourth quarter and the fiscal year ended December 31, 2010 and our outlook for the first quarter of 2011 and other business matters today, February 8, 2011 at 2:00 pm PT / 5:00pm ET. To participate in the live call, analysts and investors should dial 866-242-1388 (or +61 2 8823 6760 if dialing from outside the U.S.A.). The conference ID number is 40353872. A live webcast of the call will also be available in the "Event Calendar" section of the company's investor relations website, http://ir.bcdsemi.com/. The webcast replay will be available for seven days after the live call on the same website. To listen to the webcast replay, please dial 866-214-5335 (or +61 2 8235 5000 if dialing from outside the U.S.A.) The conference ID number is 40353872. Forward-Looking Statements This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, projected revenues, gross margins, and ADSs, and other statements under the section titled "Business Outlook." Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, our ability to introduce or develop new and enhanced products that achieve market acceptance; the actual product performance in volume production; the quality and reliability of our product; our ability to achieve design wins; general business and economic conditions; our ability to identify and consummate strategic transactions; the state of the semiconductor industry and seasonality of our markets; and other risks and uncertainties as described in our filings with the U.S. Securities and Exchange Commission ("SEC"), including the registration statement on Form F-1 initially filed on January 5, 2011, as amended and supplemented by subsequent filings of the Form F-1 and our 424(b) filing, and other filings with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and BCD Semiconductor undertakes no duty to update such information, except as required under applicable law.
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