M/A-Com Technology Solutions Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 1, 2016; Provides Earnings Guidance for the Second Quarter Ending April 1, 2016
January 27, 2016 at 02:35 am IST
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M/A-Com Technology Solutions Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended January 1, 2016. For the quarter, the company's revenue was USD 115,774,000 against USD 96,556,000 a year ago. Income from operations was USD 153,000 against USD 3,409,000 a year ago. Loss before income taxes was USD 18,971,000 against USD 11,547,000 a year ago. Loss from continuing operations was USD 16,770,000 or USD 0.32 per basic and diluted share against USD 9,963,000 or USD 0.21 per basic and diluted share a year ago. Net loss was USD 15,571,000 or USD 0.29 per basic and diluted share against USD 6,306,000 or USD 0.13 per basic and diluted share a year ago. Non-GAAP income from operations was USD 27,678,000 against USD 21,183,000 a year ago. Non-GAAP net income was USD 21,833,000 or USD 0.40 per diluted share against USD 14,364,000 or USD 0.29 per diluted share a year ago. Adjusted EBITDA was USD 33,535,000 against USD 24,570,000 a year ago. Net cash from operating activities was USD 15,514,000 compared to net cash used in activities of USD 12,520,000 a year ago. Purchases of property and equipment were USD 6,230,000 against USD 2,956,000 a year ago. Acquisition of intellectual property was USD 476,000 compared to USD 1,056,000 a year ago.
For the second quarter ending April 1, 2016, the company expects revenue to be in the range of USD 128.0 million and USD 132.0 million. Adjusted gross margin is expected to be between 56% and 59%, and adjusted earnings per share between USD 0.42 and USD 0.45 on an anticipated 56.5 million diluted shares outstanding.
MACOM Technology Solutions Holdings, Inc. designs and manufactures semiconductor products for the telecommunications, industrial and defense and data center industries. The Company is specialized in application, analog and mixed signal circuit design, compound semiconductor fabrication (including gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP) and specialized silicon), packaging and back-end assembly and test. It manufactures compound semiconductors, including GaAs, GaN and InP. It offers a product portfolio that incorporates radio frequency (RF), microwave, analog and mixed signal and optical semiconductor technologies. The Company's products are electronic components that its customers generally incorporate into electronic systems, such as wireless base stations, optical networks, data center networks, radar, medical systems and test and measurement applications. It operates facilities across the United States, Europe, Asia.
M/A-Com Technology Solutions Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 1, 2016; Provides Earnings Guidance for the Second Quarter Ending April 1, 2016
MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. 
