MACOM Technology Solutions Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 30, 2016; Provides Earnings Guidance for the Second Quarter Ending March 31, 2017
January 01, 2017 at 02:35 am IST
Share
MACOM Technology Solutions Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended December 30, 2016. For the quarter, the company reported revenue of $151.752 million against $115.774 million a year ago. Income from operations was $10.538 million against $0.153 million a year ago. Loss before income taxes was $1.639 million against $18.971 million a year ago. Loss from continuing operations was $2.171 million or $0.04 per diluted share against $16.770 million or $0.32 per diluted share a year ago. Net loss was $0.965 million or $0.02 per diluted share against $15.571 million or $0.29 per diluted share a year ago. Net cash provided by operating activities was $20.407 million against $15.514 million a year ago. Purchases of property and equipment was $4.942 million against $6.230 million a year ago. Adjusted income from operations was $40.956 million against $27.678 million a year ago. Adjusted net income was $31.836 million or $0.57 per diluted share against $21.833 million or $0.40 per diluted share a year ago. Adjusted EBITDA was $48.366 million against $33.535 million a year ago.
For the fiscal second quarter ending March 31, 2017, including the partial quarter results of its recently closed AppliedMicro acquisition, the company expects revenue to be in the range of $180 million to $186 million. Adjusted gross margin is expected to be between 58% and 61%, and adjusted earnings per share between $0.59 and $0.63, on an anticipated 64.0 million fully 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.
MACOM Technology Solutions Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 30, 2016; Provides Earnings Guidance for the Second Quarter Ending March 31, 2017