Advanced Analogic Technologies Incorporated engages in the development of advanced power management semiconductors. It offers a range of analog and mixed-signal circuits that are used in system design. The company’s products include display and lighting, battery chargers, fuel gauging, current limited load switches, switching regulators, inductorless DC/DC converters, linear regulators, A/D and D/A converters, audio class D and audio codec, power half bridges, integrated load switches, voltage references, voltage supervisors and monitors, power MOSFETs, USB OTG, PLL, op amps and comparators, and supercapacitor chargers. Its products are used for application-specific power management needs of...
3230 Scott Boulevard
Santa Clara, CA 95054
Founded in 1997
Advanced Analogic Technologies Receives Notice From Nasdaq Regarding Delay In Filing Of Form 10-Q
Nov 16 11
Advanced Analogic Technologies, Inc. announced that it received on November 11, 2011 a Nasdaq Staff Determination letter stating that the Company is not in compliance with the continued listing requirements of Nasdaq Marketplace Rule 5250(c)(1). As anticipated, the letter was issued in accordance with Nasdaq rules due to the delayed filing of the Company’s Form 10-Q for the quarter ended September 30, 2011. The Nasdaq letter directs the Company to submit a plan to regain compliance with the continuing listing requirements by January 10, 2012, and AnalogicTech expects to address Nasdaq’s notice through the filing of its Form 10-Q or by submitting a compliance plan to Nasdaq within such timeframe. As previously announced, AnalogicTech is unable to file its Form 10-Q for the quarterly period ended September 30, 2011, because of certain allegations made by Skyworks Solutions, Inc. (Skyworks) regarding AnalogicTech’s accounting practices in connection with arbitration proceeding in the Delaware Court of Chancery. The arbitration is set to begin November 28, 2011. Although the outcome of the arbitration is uncertain, AnalogicTech stands behind its financial statements and accounting practices and believes Skyworks’ allegations are without merit. However, out of an abundance of caution, the Audit Committee of AnalogicTech’s Board of Directors will conduct an internal review of the allegations prior to the filing of the Company’s Form 10-Q.
Advanced Analogic Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2011; Provides Earnings Guidance for the Fourth Quarter of 2011
Nov 9 11
Advanced Analogic Technologies, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, the company reported net revenue of $22,145,000 against $24,982,000 for the same period last year. Loss from operations was $2,805,000 against $4,395,000 for the same period last year. Loss before income taxes was $3,592,000 against $4,407,000 for the same period last year. Net loss was $3,678,000 or $0.08 per basic and diluted share against $1,293,000 or $0.03 per basic and diluted share for the same period last year. Non-GAAP net loss was $356,000 or $0.01 per diluted share against non-GAAP net loss of $2,391,000 or $0.06 per diluted share for the same period last year.
For the nine months, the company reported net revenue of $66,681,000 against $70,046,000 for the same period last year. Loss from operations was $13,167,000 against $11,792,000 for the same period last year. Loss before income taxes was $13,992,000 against $11,720,000 for the same period last year. Net loss was $14,424,000 or $0.33 per basic and diluted share against net loss of $9,408,000 or $0.22 per basic and diluted share for the same period last year.
For the fourth quarter of 2011, the company estimates net revenue in the range of $20 million to $22 million, and a net loss in the range of $0.15 to $0.13 per basic share on a GAAP basis. On a non-GAAP basis, net loss is expected to be in the range of $0.06 to $0.04 per basic share. The fourth quarter 2011 estimates include acquisition-related expenses of approximately $3 million and pre-tax quarterly stock-based compensation expense of approximately $1 million. Tax expense is expected to be approximately $0.2 million.
Advanced Analogic Technologies, Inc. announced delayed 10-Q filing
Nov 9 11
On 11/09/2011, Advanced Analogic Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.