Last $1.32 USD
Change Today -0.018 / -1.34%
Volume 2.1K
GIG On Other Exchanges
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As of 9:47 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

gigoptix inc (GIG) Snapshot

Open
$1.32
Previous Close
$1.31
Day High
$1.32
Day Low
$1.32
52 Week High
11/29/13 - $1.98
52 Week Low
08/28/13 - $0.90
Market Cap
42.2M
Average Volume 10 Days
93.1K
EPS TTM
$-0.19
Shares Outstanding
31.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GIGOPTIX INC (GIG)

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gigoptix inc (GIG) Details

GigOptix, Inc. operates as a fabless supplier of semiconductor components that enable end-to-end information streaming over optical and wireless networks. Its High-Speed Communications product line offers a portfolio of high performance optical and wireless components, such as mixed signal radio frequency integrated circuits laser and optical drivers and trans-impedance amplifiers for telecom, datacom, and consumer electronic fiber-optic applications; power amplifiers and transceivers for microwave and millimeter monolithic microwave integrated circuit wireless applications; and integrated systems in a package solutions for both fiber-optic and wireless applications. The company’s Industrial product line provides various digital and mixed-signal application specific integrated circuit solutions for industrial, military, avionics, medical, and communications markets. It primarily serves network systems vendors, as well as industrial, aerospace, and defense companies in North America, Asia, Europe, and internationally. GigOptix, Inc. markets and sells its products through direct sales forces, distributors, and sales representatives. The company was founded in 2007 and is headquartered in San Jose, California.

76 Employees
Last Reported Date: 03/18/14
Founded in 2007

gigoptix inc (GIG) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $564.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $296.7K
Chief Technical Officer and Senior Vice Presi...
Total Annual Compensation: $296.7K
Compensation as of Fiscal Year 2013.

gigoptix inc (GIG) Key Developments

GigOptix Introduces its Newest GNSS RF Receiver with Dual-Mode, High Linearity, and Low Power Consumption

GigOptix, Inc. announced sample availability of its newest global navigation satellite system (GNSS) RF Receiver for Road, Maritime, Agriculture and Surveying applications. This device is expected to be one of several RF focused products the Company will bring to market over the next few quarters stemming from the recently acquired Tahoe RF Semiconductor, now called the GigOptix-Auburn RF Design Center after its integration into GigOptix earlier this month. This new product, which is called the EXG0201, marks the introduction of GNSS RF receivers by GigOptix. It is a low-power consumption, highly linear RF GNSS receiver in a small Quad Flat No-Lead (QFN) package. The fully integrated device is optimized for industrial applications and has dual channels supporting both the upper and lower GNSS bands. The EXG0201 provides two modes of operation, a high resolution mode and a low resolution, low power mode. It integrates RF signal processing, 12 or 3-bit analog to digital convertors, dual fractional-N synthesizers (with a shared reference to generate RF LO signals) and a 3-wire SPI digital interface to provide all the necessary functionality required to create a high-end GNSS receiver system. All of the EXG0201 sub-systems are programmable through the use of the on-chip SPI interface. The GNSS industrial market, supporting Road, Maritime, Agriculture, and Surveying applications, is expected to grow to 67% in annual shipments to 43 million devices. The Road segment dominates the annual quantity consuming about 98% of the total shipments. The Road segment's growth is driven by increased regulatory pressure for e911 emergency location calls.

GigOptix, Inc. Announces Executive Promotions, Effective July 28, 2014

GigOptix, Inc. promoted Dr. Raluca Dinu to Senior Vice President of Global Sales and Marketing effective July 28, 2014. Ms. Dinu has been a key member of the executive team since 2008, most recently serving at GigOptix's Vice President and General Manager of the High Speed Communications Product Line. In addition, Anil Chaudhry, previously Vice President and General Manager of the ASIC product line, which joined GigOptix as part of the acquisition of Tripex in November 2009, will assume the newly created role of Vice President of Government Affairs and Strategic Accounts. In this role, Anil will leverage on his 30 years of experience in the semiconductor arena to enhance GigOptix engagement with the government funding development agencies, as well as with the key government strategic contractors that are already, or will become GigOptix's customers for the entire cross-section portfolio of products.

GigOptix, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2014; Revises Revenue Guidance for the Full Year of Fiscal 2014; Provides Capex Guidance for the Remainder of 2014

GigOptix, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company's total revenue was $8.037 million compared to $6.831 million a year ago. Loss from operations was $1.682 million compared to $1.437 million a year ago. Loss before provision for income taxes was $1.692 million compared to $1.374 million a year ago. Net loss was $2.044 million or $0.06 per basic and diluted share compared to $1.388 million or $0.06 per basic and diluted share a year ago. Non-GAAP income from operations was $0.300 million compared to $0.024 million a year ago. Non-GAAP net income was $0.269 million compared to $0.073 million a year ago. Adjusted EBITDA was $0.972 million compared to $0.740 million a year ago. CapEx was approximately $240,000. For the six months, the company's total revenue was $15.423 million compared to $13.752 million a year ago. Loss from operations was $3.562 million compared to $4.106 million a year ago. Loss before provision for income taxes was $3.579 million compared to $3.929 million a year ago. Net loss was $3.941 million or $0.13 per basic and diluted share compared to $3.956 million or $0.18 per basic and diluted share a year ago. Non-GAAP loss from operations was $0.347 million compared to non-GAAP income from operations of $0.081 million a year ago. Non-GAAP net loss was $0.395 million compared to non-GAAP net income of $0.231 million a year ago. Adjusted EBITDA was $1.019 million compared to $1.458 million a year ago. For the third quarter of fiscal year 2014, revenue expected to be in the range of $8.2 million to $8.4 million, or up 12% to 15% from third quarter of fiscal year 2013 and 3% to 5% sequentially. The company currently expects third quarter R&D expense will be approximately $3.4 million The company is increasing revenue outlook in fiscal 2014. The company now expects annual revenue to grow up to 12% above fiscal 2013. This compares with the prior guidance range of up to 10% growth. The company believes CapEx will be between $300,000 to $400,000 per quarter for the remainder of the year.

 

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