There are a number of reasons that support our position, which include the quantity of new devices that our customers are working on, the number of projects that are not yet in volume production, and the low level of excess test capacity in the supply chain. From an LTX – Credence perspective, the revenue contribution from the additional customers added over the past two years and a business expansion with our existing customers will drive our revenues to peak at a higher level as we move into the next period of growth for the semicap industry.During this downturn, we will continue running the company as we have in the past while constantly searching for ways to improve the business model while moving full-speed ahead on R&D projects and new business development activities. When we combined LTX and Credence, we put in place a variable business model that flexes with industry conditions. Even with the significant decline in revenues, our gross margin remained industry leading at over 53%, and while our revenues were just below our guidance, our loss per share at $0.08 was in the middle of the range.
LTX - Credence's CEO Discusses Q1 F2012 Results - Earnings Call Transcript
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