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

Exhibit 99.1

AnalogicTech Reports Financial Results for the

First Quarter 2011

Santa Clara, CA – May 2, 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.