14 January 2014

GigOptix raises Q4/2013 revenue guidance from 5% to 7% growth

In connection with its participation in the Needham Annual Growth Conference in New York City (on 14 January), GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has announced that it expects revenue for fourth-quarter 2013 to be about $7.8m. This is up 7% sequentially on Q3/2013’s $7.3m and above its guidance (provided on 28 October 2013) of 5% growth. However, this is still down slightly year-on-year from $7.9m in Q4/2012.

The firm believes that about 70% of revenue will come from its High-Speed Communications (HSC) product line and 30% from its Industrial (ASIC) product line.

GigOptix cautions that its anticipated revenue results are preliminary, based on the best information currently available, and are subject to completion of financial statements for Q4/2013. The firm expects to report its results for both fourth quarter and full-year 2013 in early February.

See related items:

GigOptix’s revenue rebounds by more-than-expected 7% in Q3 to $7.3m

Tags: GigOptix

Visit: www.gigoptix.com