About Peregrine Semiconductor
Peregrine Semiconductor (NASDAQ: PSMI), founder of RF SOI (silicon on insulator), is a leading fabless provider of high-performance, integrated RF solutions. Since 1988 Peregrine and its founding team have been perfecting UltraCMOS® technology - a patented, advanced form of SOI - to deliver the performance edge needed to solve the RF market's biggest challenges, such as linearity. With products that deliver best-in-class performance and monolithic integration, Peregrine is the trusted choice for market leaders in automotive, broadband, industrial, Internet of Things, military, mobile devices, smartphones, space, test-and-measurement equipment and wireless infrastructure. Peregrine holds more than 190 filed and pending patents and has shipped over 2 billion UltraCMOS units. For more information, visit http://www.psemi.com.
The Peregrine Semiconductor name, logo, and UltraCMOS are registered trademarks of Peregrine Semiconductor Corporation in the U.S.A., and other countries.
CONTACT:
Jonathan Goldberg, Senior Director of Corporate Development
Email Contact
Investor Relations Contact:
The Blueshirt Group
Suzanne Schmidt or Melanie Solomon
415-217-4962; 415-217-4964
Email Contact
Email Contact
(Tables Follow)
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Peregrine Semiconductor Corporation CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) |
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Three Months Ended |
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Nine Months Ended |
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September 27,
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September 28,
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September 27,
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September 28,
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Net revenue |
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$ |
43,123 |
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$ |
60,002 |
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$ |
131,500 |
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$ |
158,992 |
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Cost of net revenue |
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26,031 |
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34,749 |
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81,593 |
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93,203 |
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Gross profit |
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17,092 |
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25,253 |
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49,907 |
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65,789 |
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Operating expense: |
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Research and development |
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9,251 |
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10,777 |
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29,730 |
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31,417 |
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Selling, general and administrative |
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11,092 |
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10,210 |
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39,355 |
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31,487 |
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Total operating expense |
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20,343 |
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20,987 |
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69,085 |
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62,904 |
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Income (loss) from operations |
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(3,251) |
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4,266 |
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(19,178) |
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2,885 |
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Interest income (expense), net |
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54 |
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(27) |
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123 |
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(165) |
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Other income (expense), net |
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(14) |
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|
99 |
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48 |
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50 |
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Income (loss) before income taxes |
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(3,211) |
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4,338 |
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(19,007) |
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2,770 |
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Income tax expense (benefit) |
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(63) |
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(95) |
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98 |
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(7) |
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Net income (loss) |
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$ |
(3,148) |
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$ |
4,433 |
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$ |
(19,105) |
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$ |
2,777 |
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Net income (loss) per share |
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Basic |
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$ |
(0.09) |
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$ |
0.14 |
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$ |
(0.57) |
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$ |
0.09 |
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Diluted |
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$ |
(0.09) |
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$ |
0.12 |
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$ |
(0.57) |
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$ |
0.08 |
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Shares used to compute net income (loss) per share |
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Basic |
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33,572 |
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32,394 |
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33,261 |
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32,163 |
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Diluted |
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33,572 |
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35,804 |
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33,261 |
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35,738 |
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