This Day On The Street
Continue to site right-arrow
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!

Peregrine Semiconductor Announces Third Quarter 2012 Financial Results

Stocks in this article: PSMI

Peregrine Semiconductor Corporation (Peregrine Semiconductor) (NASDAQ: PSMI), a fabless provider of high-performance radio frequency integrated circuits (RFICs), today announced its third quarter 2012 financial results.

Revenue for the third quarter of 2012 was $60.6 million, compared with $26.5 million for the same period in 2011. As reported under U.S. generally accepted accounting principles (GAAP), third quarter 2012 net income was $4.7 million, compared with a GAAP net loss of $4.7 million in the same period in 2011. Diluted net income per share attributable to common stockholders* for the third quarter of 2012 was $0.10 per share compared to a net loss per share of $1.72 for the same period in 2011.

Non-GAAP net income for the third quarter of 2012 was $5.9 million, or $0.17 per diluted share** based on weighted average shares outstanding of 33.7 million giving effect to the conversion of the preferred stock at the beginning of the quarter. This compares with non-GAAP net loss of $4.0 million or $0.16 per diluted share based on weighted average shares outstanding of 25.1 million for the same period in 2011.

Gross margin on a GAAP basis for the third quarter of 2012 was 41.3% of revenue, compared to 26.9% of revenue for the same period in 2011. Gross margin on a non-GAAP basis for the third quarter of 2012 was 41.5% of revenue, compared to 27.2% of revenue for the same period in 2011.

“In our first quarter as a public company, we achieved significant revenue growth due to strong demand for our radio frequency integrated circuits that are designed into the latest and most popular smartphones,” commented Jim Cable, Chief Executive Officer. “Our products deliver an industry leading combination of performance and monolithic integration, and we believe we are well-positioned for future growth in both our mobile wireless and high performance solutions business units.”

1 of 4

Select the service that is right for you!

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!


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

  • 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