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. On April 22, 2009, Advanced Analogic Technologies ( AATI) reported that it swung to a net loss during Q1 FY09 on the back of lower revenue. Net loss during the latest first quarter stood at $5.21 million or $0.12 per share compared to a net profit of $446,000 or $0.01 per share in Q1 FY07. Excluding one-time items, net loss was $3.49 million or $0.08 per share compared to a net profit of $2.02 million or $0.04 per share. The latest quarterly consensus estimate was a loss of $0.10 per share. Revenue plunged 34.1% to $16.55 million from $25.10 million in the comparable quarter of last year. ModularBCD products contributed 28.0% to the total sales. Meanwhile, gross margin contracted 980 basis points to 44.90% from 54.71%, despite a 19.8% drop in the cost of goods sold. Additionally, operating margin worsened to a negative 29.50% from a negative 2.53% in Q1 FY08. However, total operating expenses dipped 14.3% to $12.31 million from $14.37 million a year ago. During the quarter under review, the company introduced the AAT4614, a new current-limited P-channel MOSFET power switch for high side load switching applications. It has also launched AAT3620, a fully integrated single-cell Lithium-ion battery charger capable of supplying up to 2A charge current in a small 3x3 mm TDFN package. Furthermore, AATI announced that it will offer AHK3292, a two-channel LED driver for LED indicators and LCD or keyboard backlighting in entry level mobile products. In addition, it launched AAT3691, a dual input battery charger IC with integrated over-voltage protection (OVP) up to 28V. Looking forward to Q2 FY09, AATI expects its net loss to be in the range of $0.13 per share to $0.10 per share on revenue between $18.00 million to $21.00 million.