ANADIGICS, Inc. (ANAD) Q2 2010 Earnings Call July 29, 2010 08:30 am ET Executives Mario Rivas - Director, President and CEO Tom Shields - EVP and CFO Analysts Patrick Newton - Stifel Nicholas Anthony Stoss - Craig-Hallum Michael Alexander - Charter Equity Research Aalok Shah - D.A. Davidson & Co. PresentationOperator
Good morning my name is Brooke and I will be your conference operator today at this time I would like to welcome everyone to the ANADIGICS Second Quarter Conference Call, all line have been placed on mute to prevent on any background noise. After the speakers remark there will be a question and answer session [Operators Instructions]. On today's call we have Mario Rivas, CEO and Tom Shields CFO. Thank you Mr. Shields you may begin your conference. Tom Shields Thank you operator, good morning everyone and welcome to the ANADIGICS second quarter 2010 earnings conference call before we get started please remember any comments made in this call by management as part of prepared remarks or in response to your questions may contained forward looking information such information is subject to risks and uncertainties as described in this mornings press release and in the company's various filings with the SEC I would like now to turn the call over to Mario for his opening remarks. Mario Rivas Thank you Tom, and good morning everyone, I am very pleased to report that the ANADIGICS team delivered a very solid quarter, generated income on both a GAAP and non-GAAP per share basis, of one and two pennies respectively, achieving profitably in the second quarter or several quarters ahead of our prior expectation, and it's a strong testament to the successful acquisition of our stated initiatives. Our revenue in the second quarter was $51.7 million representing 18.7% sequential growth as compared to our prior guidance of 12%.