CAMD » Topics » Fiscal Q1 Highlights

This excerpt taken from the CAMD 8-K filed Aug 4, 2009.

Fiscal Q1 Highlights

Dickinson noted that the company made progress on a number of fronts during the quarter:

 

   

Bookings grew to $11.2 million, up 37 percent from Q4

 

   

Book-to-bill increased to 1.2, up substantially from Q4

 

   

Q2 beginning backlog was up 35 percent from Q1

 

   

Non-GAAP OPEX was $200,000 less than in Q4 and $800,000 less than Q2 high point a year ago

 

   

Net inventory decreased by $800,000 from Q4

 

   

Operating cash consumption decreased by $1.2 million compared to Q4

 

   

Praetorian® III filter design wins were secured at three Top 5 handset customers

 

   

LuxGuard™ products were sampled to leading High Brightness LED (HBLED) suppliers

 

   

PicoGuard® XS products were designed into 11 new Sharp Aquos® LCD TVs.

Dickinson added, “As part of our ongoing effort to secure the best return for shareholders, we have decided to focus on our core protection business going forward. Because of the impact of the downturn on current demand and changes in customer product roadmaps, revenue from our display controller products has not lived up to our expectations. While there are significant new opportunities, they are unlikely to materialize soon enough to justify continued investment in this product line in the current environment. By cutting back in this area we will be able to return to positive cash flow and profitability more quickly without compromising the investment in the new protection products needed to strengthen our position in that market.”

California Micro Devices Corporation • 490 N. McCarthy Blvd. #100, Milpitas, CA 95035-5112

www.cmd.com • Tel: 408.263-3214 • Fax: 408.263-7846


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