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TheStreet Open House

ANADIGICS' CEO Discusses Q1 2012 Results - Earnings Call Transcript

ANADIGICS, Inc. (ANAD)

Q1 2012 Earnings Conference Call

May 1, 2012 17:00 ET

Executives

Terry Gallagher – Chief Financial Officer

Ron Michels – President and Chief Executive Officer

Analysts

Blaine Carroll

Dale Pfau

Harsh Kumar – Stephens

Presentation

Operator

Good afternoon. My name is (Olivia) and I will be your conference operator today. At this time, I would like to welcome everyone to the ANADIGICS First Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

I would now like to turn the call over to Mr. Terry Gallagher, Chief Financial Officer of ANADIGICS. Thank you. Please go ahead sir.

Terry Gallagher – Chief Financial Officer

Thank you, (Olivia). Good afternoon everyone and welcome to ANADIGICS first quarter 2012 conference call. With me today is Ron Michels, our President and Chief Executive Officer.

During the call, we will make forward-looking statements about our business. I must remind you that actual results could differ materially from our projections based on various risk factors, including those described in the press release we issued earlier today, and our reports on Forms 10-K, 10-Q, and other filings with the Securities and Exchange Commission. All numbers during the call will be presented on a non-GAAP basis. Non-GAAP financial measures exclude equity compensation charges and other specifically identified non-routine items. These non-GAAP measures are provided to enhance the understanding of our core operating performance. A full reconciliation of these non-GAAP measures to our GAAP results was presented in our press release.

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