Anadigics (ANAD) Tops Q1 EPS by 1c

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Go back to Anadigics (ANAD) Tops Q1 EPS by 1c

ANADIGICS Announces First Quarter Results

May 5, 2015 4:00 PM EDT

Quarterly Net Sales of $18.4 Million; a sequential decrease of 11.7% Infrastructure Revenues grow 23.3% sequentially to $12.0 Million Non-GAAP Gross Margin Increases Sequentially by 455 Basis Points Quarterly GAAP EPS ($0.06); Non-GAAP EPS ($0.04)

WARREN, N.J., May 5, 2015 (GLOBE NEWSWIRE) -- ANADIGICS, Inc. (Nasdaq: ANAD) (the "Company"), a world leader in radio frequency solutions, reported first quarter 2015 net sales of $18.4 million, a sequential decrease of 11.7% and in line with prior guidance.

GAAP net loss for the first quarter of 2015 was $5.0 million, or ($0.06) per diluted share, a sequential improvement of 7.6%. Non-GAAP net loss for the first quarter of 2015 was... More