inphi corp (IPHI) Key Developments
Inphi Corporation Announces Election of Class I Directors
Jun 2 14
Inphi Corporation announced that the annual general meeting held on May 29, 2014, elected Nicholas E Brathwaite, David Liddle and Bruce McWilliams as Class I directors.
Inphi Corporation, Annual General Meeting, Jun 02, 2014
May 30 14
Inphi Corporation, Annual General Meeting, Jun 02, 2014., at 10:00 Pacific Standard Time. Location: The offices of Pillsbury Winthrop Shaw Pittman LLP. Agenda: To consider the compensation paid to the company's named executive officers.
Inphi Corporation Presents at 2014 Deutsche Bank Semiconductor One-on-One Conference, May-15-2014
May 12 14
Inphi Corporation Presents at 2014 Deutsche Bank Semiconductor One-on-One Conference, May-15-2014 . Venue: Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States.
Inphi Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter Ending June 30, 2014 and Full Year of 2014
Apr 29 14
Inphi Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's revenue was $31,189,000 compared to $22,584,000 a year ago. Loss from operations was $628,000 compared to $4,408,000 a year ago. Loss before income tax was $468,000 compared to $4,195,000 a year ago. Net loss was $995,000 or $0.03 per diluted share compared to $7,671,000 or $0.27 per diluted share a year ago. Non-GAAP net income was $2,898,000 or $0.09 per diluted share compared to $31,000 or $0.00 per diluted share a year ago.
The company provided earnings guidance for the second quarter ending June 30, 2014. For the period, the company expects GAAP net loss to be in the range of $750 million to $1,300 million or $0.02 to $0.04 per diluted share, non-GAAP net income to be in the range of $3,400 million to $2,700 million and non-GAAP diluted earnings per share to be in the range of $0.10 to $0.08. Revenues are expected to be up 6% to 11% sequentially for second quarter 2014, resulting in a range of $33.0 million to $34.6 million. Non-GAAP gross margin is expected to be approximately 64.5% to 65.5%.
For the year, the company said it is confident that its cash flow will be positive for the year as it endeavor to have more of working capital continue to remain efficient in 2014. It is currently estimating the non-GAAP effective tax rate to be 28.3% for the year. It is confident that these components should then align, resulting in non-GAAP net income of between $2.7 million and $3.4 million, which, on approximately 33 million estimated diluted shares, would result in estimated non-GAAP earnings per diluted share of between $0.08 and $0.10 and also estimates noncash stock compensation expense to be between $5.6 million and $5.8 million. This would imply a GAAP net loss in the range of $800,000 to $1.3 million. GAAP earnings per share would then be a loss in the range of approximately $0.02 to $0.04.
Inphi Corporation, Annual General Meeting, May 29, 2014
Apr 25 14
Inphi Corporation, Annual General Meeting, May 29, 2014., at 09:30 Pacific Standard Time. Location: Pillsbury Winthrop Shaw Pittman LLP, located at 2550 Hanover Street. Agenda: To elect directors; to hold an advisory vote to approve executive compensation; to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accountants; and to transact such other business as may properly come before the Annual Meeting and any adjournments or postponements of the Annual Meeting.