This Day On The Street
Continue to site
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

Peregrine Semiconductor Announces Third Quarter 2012 Financial Results

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs