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Advanced Analogic Technologies Inc (AATI) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2009

Advanced Analogic Technologies Inc

CIK: 1104042 Ticker: AATI

Exhibit 99.1

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FOR RELEASE 2/4/10 @ 1:05PM

AnalogicTech Reports Fourth Quarter and Fiscal Year 2009 Financial Results

Santa Clara, CA – February 4, 2010

– Advanced Analogic Technologies, Inc. (“AnalogicTech” or the “Company”) (Nasdaq: AATI), an analog semiconductor company focused on powering innovative solutions in consumer, industrial, and telecom markets, today reported financial results for the fourth quarter and fiscal year ended December 31, 2009.

Net revenue for the fourth quarter of 2009 was $20.8 million, an increase of 12% over net revenue of $18.6 million for the fourth quarter of 2008 and a sequential decrease of 20% from net revenue of $26.1 million for the third quarter of 2009. Net revenue for the fiscal year ended December 31, 2009, was $86.5 million, down 4% from net revenue of $90.3 million for 2008.

In accordance with U.S. generally accepted accounting principles (GAAP), net loss for the fourth quarter of 2009 was $4.0 million, or $0.09 per diluted share. This compares to GAAP net loss of $15.4 million, or $0.34 per diluted share for the fourth quarter of 2008, and GAAP net loss of $1.0 million, or $0.02 per diluted share for the third quarter of 2009. Net loss for fiscal year 2009 was $12.7 million, or $0.29 per diluted share, compared to net loss of $20.1 million, or $0.44 per diluted share for fiscal year 2008.

On a non-GAAP basis, excluding stock-based compensation expense, amortization of acquired intangibles, net loss for the fourth quarter of 2009 was $2.0 million, or $0.05 per diluted share. This compares to non-GAAP net loss of $3.3 million, or $0.07 per diluted share, for the fourth quarter of 2008 and non-GAAP net income of $0.8 million, or $0.02 per diluted share, for the third quarter of 2009. Non-GAAP net loss for the fourth quarter of 2008 excluded stock-based compensation expense, amortization of acquired intangibles, the intangible asset impairment charge, an impairment loss on a private equity investment, restructuring and other severance-related expenses, and the charge to increase the deferred tax asset valuation allowance. Non-GAAP net income for the third quarter of 2009 excluded stock-based compensation expense and amortization of acquired intangibles.

 

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The following information was filed by Advanced Analogic Technologies Inc (AATI) on Thursday, February 4, 2010 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: 0001193125-10-035154
Submitted to the SEC: Fri Feb 19 2010 3:28:01 PM EST
Accepted by the SEC: Fri Feb 19 2010
Period: Thursday, December 31, 2009
Industry: Semiconductors And Related Devices

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