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Advanced Analogic Technologies Inc (AATI) SEC Filing 10-Q Quarterly report for the period ending Thursday, March 31, 2011

Advanced Analogic Technologies Inc

CIK: 1104042 Ticker: AATI

Exhibit 99.1

LOGO

AnalogicTech Reports Financial Results for the

First Quarter 2011

Santa Clara, CA – May 2, 2011

– Advanced Analogic Technologies, Inc. (“AnalogicTech” or the “Company”) (Nasdaq: AATI), an analog semiconductor company focused on powering innovative solutions in consumer electronics, computing, and communications markets, today reported financial results for the first quarter ended March 31, 2011.

Net revenue for the first quarter of 2011 was $20.5 million, compared to net revenue of $21.9 million for the first quarter of 2010, and $24.0 million for the fourth quarter of 2010.

In accordance with U.S. generally accepted accounting principles (GAAP), net loss for the first quarter of 2011 was $7.7 million, or $0.18 per diluted share, including non-recurring charges for patent litigation and severance-related expenses. This compares to a GAAP net loss of $4.2 million, or $0.10 per diluted share, for the first quarter of 2010 and a GAAP net loss of $3.3 million, or $0.08 per diluted share, for the fourth quarter of 2010.

On a non-GAAP basis, net loss for the first quarter of 2011 was $4.7 million, or $0.11 per diluted share, including a one-time charge for patent litigation. This compares to a non-GAAP net loss of $2.9 million, or $0.07 per diluted share, for the first quarter of 2010, and a non-GAAP net loss of $1.8 million, or $0.04 per diluted share, for the fourth quarter of 2010.

Please refer to the tables below for reconciliation between GAAP and non-GAAP financial measures.

AnalogicTech reported gross profit of 42.8% for the first quarter of 2011, compared to 48.4% for the first quarter of 2010 and 42.8% for the fourth quarter of 2010. Non-GAAP gross profit was 43.0% for the first quarter of 2011, compared to 48.7% for the first quarter of 2010 and 43.1% for the fourth quarter of 2010. The Company ended the quarter with $85.9 million in cash, cash equivalents, and short-term investments.

 

© Advanced Analogic Technologies Incorporated    Page 1


The following information was filed by Advanced Analogic Technologies Inc (AATI) on Monday, May 2, 2011 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-Q Quarterly 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-Q Quarterly Report
Accession Number: 0001193125-11-123928
Submitted to the SEC: Tue May 03 2011 4:06:58 PM EST
Accepted by the SEC: Tue May 03 2011
Period: Thursday, March 31, 2011
Industry: Semiconductors And Related Devices

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