This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ANADIGICS' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: ANAD

Our non-GAAP loss in the second quarter increased sequentially by $3 million to $17.9 million, or $0.25 a share, which excludes stock based compensation and the Q2 restructuring. Our EBITDA loss also increased by $3 million to $13.8 million for the quarter.

We ended Q2 with a strong balance sheet including a solid $73.1 million in cash and marketable securities. Working capital was well-controlled, with a reduction in accounts receivable to 46 days, while inventory was reduced to a level that approximates five turns per year.

Capital spending in the quarter was $0.7 million, and depreciation expense was $4.2 million. Capacity utilization was approximately 40% during the quarter. As in past quarters, we will not be providing specific guidance. However, as indicated in our press release, we believe revenues have stabilized as new products and wireless ramp and offset the decline in legacy business.

We are pleased with the traction we continue to see in the development of our new products, and for further on products I’ll turn the call over to our CEO, Ron Michels, who can discuss it in more detail.

Ron Michels

Great, thank you Terry, and good afternoon everyone. Today I would like to review market dynamics, the progress that we’ve achieved with our new products, and catalysts that we anticipate will drive new revenue.

ANADIGICS growth strategy relies on three market drivers, all fueled by the increasing demand for wireless data consumption. The first driver is the accelerated transition to 3G/4G, which is accompanied by growing RF front-end content in mobile devices. The second driver is the increasing carrier deployment of small cell networks that utilize our infrastructure power amplifiers, and the third driver is the expanding use of high-performance wifi enabling higher data rate connectivity in mobile devices.

These market drivers are creating new applicational areas where we will be able to leverage a clear competitive advantage. Our first growth driver is the accelerated adoption of high-speed data devices in wireless markets. While overall mobile device shipments year to date have remained flat, our newest generation of products in the development pipeline are focused on high-performance 3G/4G devices.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs