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Last10K.com | 10-K Annual Report Tue Mar 04 2008
Exhibit 99.1
PRESS RELEASE
FOR RELEASE 2/14/08 @ 1:05PM
AnalogicTech Reports Fourth Quarter and Full Year 2007 Financial Results
| • | Q407 revenue of $32.1 million, up 53% year-over-year |
| • | Record annual revenue of $109.6 million, up 35% year-over-year |
| • | AnalogicTech introduced a record 106 new products in 2007 |
Santa Clara, CA – February 14, 2008 – Advanced Analogic Technologies, Inc. (“AnalogicTech” or the “Company”) (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, 2007.
All financial results are reported in accordance with accounting principles generally accepted in the United States of America.
For the fourth quarter of 2007 revenue was $32.1 million, an increase of 53% over revenue of $21.0 million for the fourth quarter of 2006 and a sequential increase of 5% over revenue of $30.6 million for the third quarter of 2007. Net income for the fourth quarter of 2007 was $3.0 million, or $0.06 per diluted share. This compares to a net loss of $2.6 million, or $0.06 per diluted share, for the fourth quarter of 2006, and net income of $2.6 million, or $0.05 per diluted share, for the third quarter of 2007. The Company’s results included stock-based compensation expense of $1.8 million, $1.8 million and $1.6 million in the fourth quarter of 2007, the fourth quarter of 2006 and the third quarter of 2007, respectively.
Revenue for the year ended December 31, 2007, was $109.6 million, an increase of 35% over revenue of $81.2 million for 2006. Net income for the full year 2007 was $1.9 million, or $0.04 per diluted share, compared to net loss of $2.1 million, or $0.05 per diluted share for the full year 2006.
| © Advanced Analogic Technologies, Inc. |
Page 1 |
The following information was filed by Advanced Analogic Technologies Inc (AATI) on Thursday, February 14, 2008 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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Advanced Analogic Technologies Inc provided additional information to their SEC Filing as exhibits
Exhibit 23.1: Consent Of Deloitte &Amp; Touche Llp, Independent Registered Public Accounting Firm
Exhibit 31.1: Certification Of Ceo Pursuant To Rules 13A-14(A) And 15D-14(A)
Exhibit 31.2: Certification Of Cfo Pursuant To Rules 13A-14(A) And 15D-14(A)
Exhibit 32.1: Certification Of Ceo And Cfo Pursuant To 18 U.S.C. Section 1350
Ticker: AATI
CIK: 1104042
Form Type: 10-K Annual Report
Accession Number: 0001193125-08-046340
Submitted to the SEC: Tue Mar 04 2008 4:13:46 PM EST
Accepted by the SEC: Tue Mar 04 2008
Period: Monday, December 31, 2007
Industry: Semiconductors And Related Devices
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