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Advanced Analogic Technologies Inc (AATI) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2006

Advanced Analogic Technologies Inc

CIK: 1104042 Ticker: AATI

Exhibit 99.1

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PRESS RELEASE

FOR RELEASE 2/8/07 @ 1:05PM

AnalogicTech Reports Fourth Quarter and Full Year 2006 Financial Results

Company Reports Record Annual Revenue of $81.2 Million, Up 19% Year-Over Year

Sunnyvale, CA – February 8, 2007

– Advanced Analogic Technologies Incorporated (AnalogicTech) (Nasdaq: AATI), a developer of power management semiconductors for mobile consumer electronic devices, today reported financial results for the fourth quarter and year ended December 31, 2006.

Revenue for the fourth quarter of 2006 was $21.0 million, a decrease of 3% from revenue of $21.6 million for the fourth quarter of 2005 and an increase of 4% over the third quarter of 2006 revenue of $20.1 million. Revenue for the year ended December 31, 2006, was $81.2 million, an increase of 19% over revenue of $68.3 million from the same period in 2005.

On a GAAP basis, which includes one-time pre-tax charges for severance and restructuring of $0.6 million, in-process R&D of $0.3 million and amortization of intangibles of $0.2 million related to the acquisition of AP Semi, net loss for the fourth quarter of 2006 was $2.6 million, or $0.06 per diluted share. This compares to GAAP net income of $1.7 million, or $0.04 per diluted share, for the fourth quarter of 2005, and a net loss of $1.5 million, or $0.03 per diluted share, for the third quarter of 2006. On a GAAP basis, net loss for the full year 2006, including the one-time charges of $1.1 million, was $2.1 million, or $0.05 per diluted share, compared to net income of $2.1 million, or $0.05 per diluted share for the full year 2005.

On a Non-GAAP basis, excluding net of tax expenses of share-based compensation expense, amortization of acquisition-related intangibles of $0.2 million, one-time charges for in-process R&D of $0.3 million and severance and restructuring of $0.6 million of which $0.2 million is included as share-based compensation, net loss for the fourth quarter of 2006 was $0.2 million, or $0.00 per diluted share. This compares to Non-GAAP net income of $2.4 million, or $0.05 per diluted share for the fourth quarter of 2005, and breakeven for the third quarter of 2006. Non-GAAP net income for the full year 2006 was $4.6 million, or $0.10 per diluted share, compared to $4.5 million, or $0.11 per diluted share for the full year 2005.

 

© Advanced Analogic Technologies Incorporated    Page 1


The following information was filed by Advanced Analogic Technologies Inc (AATI) on Thursday, February 8, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
Ticker: AATI
CIK: 1104042
Form Type: 10-K Annual Report
Accession Number: 0001193125-07-048925
Submitted to the SEC: Thu Mar 08 2007 6:08:16 AM EST
Accepted by the SEC: Thu Mar 08 2007
Period: Sunday, December 31, 2006
Industry: Semiconductors And Related Devices

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