News

18 February 2010

 

Anadigics’ sales rise 13.9% in Q4/2009

GaAs-based wireless and broadband communications component maker Anadigics Inc of Warren, NJ, USA has reported revenue of $140.5m for 2009, down 45.6% on 2008’s $258m. On a non-GAAP basis, net loss more than doubled from $15.8m in 2008 to $33.7m.

However, although down 7.6% on $45.2m a year ago, fourth-quarter 2009 revenue was $41.8m, up 13.9% on Q3’s $36.7m (compared to late October’s forecast of just 5–8% growth). Non-GAAP net loss has been cut from $$4.9m a year ago and halved from Q3’s $6.4m to $3.2m.

During the quarter, cash, cash equivalents and short and long-term marketable securities fell from $123.4m to $92.5m, but this was after repaying $38m upon the maturity of convertible notes.

“2009 was a pivotal year for Anadigics,” says president & CEO Mario Rivas. “In late 2008 we laid out specific key initiatives for 2009 that centered specifically on rebuilding customer relationships, achieving operational excellence, and preserving cash — we accomplished all of those goals... we ended 2009 a stronger company,” he adds.

During Q4/2009, Anadigics delivered new high-performance 1GHz hybrid line amplifiers for CATV and launched the first family of gateway splitters featuring up to eight RF outputs, while its power amplifiers were adopted by Samsung for use in its new 3G TD-SCDMA handset for China.

So far, in first-quarter 2010, Anadigics has launched a new 5GHz WLAN power amplifier that increases range and throughput for WiFi and WHDI applications, delivered 3.5GHz full-band power amplifier for the growing mobile WiMAX market, and unveiled the smallest dual-band CDMA power amplifier for the latest generation of mobile handsets, as well as teaming up with Altair Semiconductor to drive LTE technology development. In addition, Anadigics’ power amplifiers were selected by Novatel Wireless for its HSPA+ mobile broadband USB modems.

“In 2010 we have begun to generate strong momentum with our new product pipeline and are now able to fully leverage our operational excellence, which together set the stage for the achievement of our growth and profitability goals,” believes Rivas.

“In contrast to normal seasonality, we are seeing very strong growth in our Wireless bookings in the first quarter of 2010,” says chief financial officer Tom Shields. Anadigics expects Wireless sales to grow about 20% sequentially, offsetting the previously anticipated weakness in sales for WLAN (wireless local-area networks). Overall, for first-quarter 2010, Anadigics expects revenue to be level at $41.8m.

See related items:

Anadigics upbeat on future wireless markets

Samsung helps Anadigics to revenue gain

Anadigics’ revenue falls by a third, driven by WLAN and cable shortfall

Anadigics sales drop 22% as fab utilization heads towards 30%

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