Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. LTX-Credence ( LTXC) reported on March 4, 2009 that its Q2 FY09 net loss widened, hurt by one-time charges related to its merger with Credence Systems Corporation. Net loss for the latest second quarter was $54.55 million or $0.43 per share, compared to a net loss of $3.18 million or $0.05 per share in Q2 FY08. Excluding one-time charges of $779,000 or $0.01 per share, $4.45 million or $0.03 per share, and $14.67 million or $0.12 per share, the net loss was $29.03 million or $0.23 per share. The most recent consensus estimate was a loss of $0.22 per share. Revenue fell 2.0% to $30.40 million from $31.02 million in Q2 FY08. Gross margin deteriorated to 3.35% from 47.80% due to a 46.7% increase in the cost of sales and inclusion of a $5.63 million or $0.04 per share inventory-related provision. Engineering and product development expenses rose 91.3% to $21.71 million from $11.35 million and selling, general, and administrative expenses more than doubled to $15.00 million from $6.92 million. Operating margin deteriorated to negative 182.82% from negative 11.09% in the prior year's quarter. LTX-Credence and Spirox recently announced the integration of their local field operations organizations. LTX-Credence secured a two year $40.00 million revolving line of credit from Silicon Valley Bank, a subsidiary of SVB Financial Group. LTXC expects a Q3 FY09 net loss of $0.22 per share to $0.19 per share on projected revenue of $28.00 million, plus or minus 10.0%. The net loss guidance does not include amortization of purchased intangibles of $4.40 million.