ANADIGICS' CEO Discusses Q2 2012 Results - Earnings Call Transcript

ANADIGICS (ANAD)

Q2 2012 Earnings Call

July 30, 2012 5:00 p.m. ET

Executives

Ron Michels - President and CEO

Terry Gallagher - CFO

Analysts

Quinn Bolton - Needham & Company

Blaine Carroll - Avian Securities

Dale Pfau - Cantor Fitzgerald

Harsh Kumar - Stephens

Aalok Shah - D.A. Davidson

Ed Snyder - Charter Equity Research

Pete Enderlin - MAZ Partners



Presentation

Operator

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Good evening. At this time I would like to welcome everyone to the ANADIGICS second quarter earnings conference call. [Operator instructions.] Thank you. Mr. Terry Gallagher, CFO, you may begin your conference.

Terry Gallagher

Thank you, operator, and good afternoon everyone. Welcome to ANADIGICS second 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 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.

With that said, today I’ll begin with our financial discussion. For the second quarter, revenues were $25.1 million comprised of $18 million in wireless and $7.1 million in infrastructure, formerly referenced as broadband.

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