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News

9 August 2007

 

Sirenza banks record quarter

RF components maker Sirenza Microdevices Inc of Broomfield, CO, USA has reported record quarterly revenue of $46.7m for Q2/2007 (ended June 30), up by around 20% on the $39.0m achieved in Q2/2006 and the $39.1m reported for Q1/2007.

Q2/2007’s net income was $2.8m ($0.05 per diluted share), compared year-over-year with $2.1m ($0.05 per diluted share) and Q1/2007's $1.0m ($0.02 per diluted share). Excluding the effects of the charges detailed in the reconciliation of pro forma to GAAP, pro forma net income for Q2/2007 was $8.7m ($0.17 per diluted share), compared with $7.2m for Q2/2006 ($0.16 per diluted share) and $6.2m ($0.12 per diluted share) sequentially.

Gross margin for the quarter was 46%, compared with 37% a year ago and 43% sequentially. Excluding the effects of the charges detailed in the reconciliation of pro forma to GAAP, pro forma gross margin was 49%, compared with 44% a year ago and 45% sequentially.

“In what has historically been a seasonally slower half of the year for Sirenza, we exceeded the upper end of our revenue and pro forma earnings guidance as we continued our drive to diversify our business,” said Robert Van Buskirk, Sirenza’s president and CEO. “We currently see ongoing strength in our major end markets, including CATV transmission applications, mobile wireless infrastructure applications and emerging wireless access applications such as WiMAX. In the second quarter, we continued production of our high-performance, high-power RF modules for HDTV light source applications and we made excellent progress in our China manufacturing transition activities.”

See related item:

Sirenza adds to SUF family of E-Mode pHEMT wideband amplifiers

Visit: http://www.sirenza.com