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These statements are subject to numerous risks and uncertainties that could cause Powerwave's actual results to be materially different from those projected or implied. Some of the risks and uncertainties include our ability to accurately forecast and anticipate customer orders, our ability to obtain material components within expected lead times, realize anticipated cost savings and synergies, execute restructuring activities in a timely fashion, the negative impact on demand for our products due to the macroeconomic environment, reduced demand due to industry consolidation among our major customers, fluctuations in foreign currencies and the ability accurately forecast cash flows and credit collections, the ability to enter into new markets for products and solutions, the impact of competitive products and pricing, economic and political conditions and the loss of one or more significant customer accounts.Please refer to our press release, Powerwave's current Form 10-K for the fiscal year ended January 2, 2011 or our Form 10-Q for the quarterly period ended July 3, 2011 and other filings, which are on file with the Securities and Exchange Commission. For additional information on factors which could cause our actual results to be different from those projected or implied. In addition, on this call we will discuss non-GAAP financial information. A reconciliation of the non-GAAP financial information to our financial statements as prepared under GAAP is included in our press release dated today, which can be found at our website at powerwave.com and on Business Wire. The press release also has detailed information concerning several of the significant items impacting our results and we urge you to review that information. Now, I'm going to turn the call over to Kevin Michaels, Powerwave's Chief Financial Officer. Kevin Michaels Thank you, Tom and with all these risk factors in mind I would like to start by reviewing our financial results, which are also summarized in our press release. Net sales for the third quarter of 2011 were $77.1 million and we reported a GAAP net loss of $35.1 million, which equates to a basic loss per share of $1.09. This includes a total of $2.1 million of non-cash debt discount amortization in just accretion expense and the net loss on the repurchase of debt related to certain of our outstanding convertible notes. As well as $1.8 million of non-cash pretax stock-based compensation expense and $100,000 of restructuring expense in the quarter all of these charges and amortization totaled approximately $4.1 million for the third quarter.
On a pro forma basis excluding the restructuring charges the debt related charges and the stock-based compensation expenses for the quarter our pro forma net loss was $28 million, which equates to a pro forma net loss of $0.87 per share.I do want to note that our per share amounts reflect the impact of the one for five reverse stock split that was approved by our shareholders with an effective date of October 28, 2011. Total shares outstanding for the third quarter as adjusted for the reverse stock split are approximately $32.2 million shares. Now looking at revenues on geographic basis our total Americas revenue for the third quarter was approximately $32.5 million or 42% of revenue. Our total Asia Pacific sales were approximately $14.6 million or 19% of revenue. Total European and other international revenues were $30 million or approximately 39% of revenue. Read the rest of this transcript for free on seekingalpha.com