Advanced Analogic Technologies Inc (AATI) SEC Filing 10-Q Quarterly report for the period ending Thursday, June 30, 2011

Exhibit 99.1

AnalogicTech Reports Financial Results for the Second Quarter 2011

Revenue Up 17% Sequentially; Gross Margins Up 200+ Basis Points

Santa Clara, CA – August 9, 2011

Net revenue for the second quarter of 2011 was $24.1 million, compared to net revenue of $23.1 million for the second quarter of 2010, and $20.5 million for the first quarter of 2011.

In accordance with U.S. generally accepted accounting principles (GAAP), net loss for the second quarter of 2011 was $3.1 million, or $0.07 per diluted share, including non-recurring charges for acquisition-related expenses. This compares to a GAAP net loss of $3.9 million, or $0.09 per diluted share, for the second quarter of 2010 and a GAAP net loss of $7.7 million, or $0.18 per diluted share, for the first quarter of 2011.

On a non-GAAP basis, net income for the second quarter of 2011 was break even, or $0.00 per diluted share. This compares to a non-GAAP net loss of $2.7 million, or $0.06 per diluted share, for the second quarter of 2010, and a non-GAAP net loss of $4.7 million, or $0.11 per diluted share, for the first quarter of 2011.

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

AnalogicTech reported gross profit of 44.9% for the second quarter of 2011, compared to 45.5% for the second quarter of 2010 and 42.8% for the first quarter of 2011. Non-GAAP gross profit was 45.2% for the second quarter of 2011, compared to 45.8% for the second quarter of 2010 and 43.0% for the first quarter of 2011. The Company ended the quarter with $86.8 million in cash, cash equivalents, and short-term investments.

“We delivered strong operating results for the second quarter, reaching breakeven on a non-GAAP basis and increasing gross margins by more than 200 basis points from the first quarter,”