Results of Operations for Powerwave

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Powerwave Technologies (PWAV)

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PWAV » Topics » Results of Operations

This excerpt taken from the PWAV 10-Q filed May 5, 2009.

Results of Operations

The following table summarizes Powerwave’s results of operations as a percentage of net sales for the three months ended March 29, 2009 and March 30, 2008:


	Three Months Ended
	March 29, 2009		March 30, 2008
Net sales	100.0	%	100.0	%
Cost of sales:
Cost of goods	76.8		76.3
Intangible asset amortization	0.4		2.7
Restructuring and impairment charges	0.9		2.4

Total cost of sales	78.1		81.4

Gross profit	21.9		18.6
Operating expenses:
Sales and marketing	6.5		5.5
Research and development	10.1		8.7
General and administrative	8.1		6.7
Intangible asset amortization	0.2		1.1
Restructuring and impairment charges	1.0		0.1

Total operating expenses	25.9		22.1

Operating loss	(4.0	)	(3.5	)
Other income (expense), net	3.6		(2.3	)

Loss before income taxes	(0.4	)	(5.8	)
Income tax provision	1.0		0.5

Net loss	(1.4	)%	(6.3	)%

This excerpt taken from the PWAV 10-Q filed May 9, 2008.

Results of Operations

The following table summarizes Powerwave’s results of operations as a percentage of net sales for the three months ended March 30, 2008 and April 1, 2007:


	Three Months Ended
	March 30, 2008		April 1, 2007
Net sales	100.0	%	100.0	%
Cost of sales:
Cost of goods	76.3		82.3
Intangible asset amortization	2.7		3.0
Restructuring and impairment charges	2.4		6.4

Total cost of sales	81.4		91.7

Gross profit	18.6		8.3
Operating expenses:
Sales and marketing	5.5		8.3
Research and development	8.7		15.6
General and administrative	6.7		11.8
Intangible asset amortization	1.1		1.8
Restructuring and impairment charges	0.1		0.3

Total operating expenses	22.1		37.8

Operating loss	(3.5	)	(29.5	)
Other income (expense), net	(2.3	)	0.6

Loss before income taxes	(5.8	)	(28.9	)
Provision for (benefit from) income taxes	0.5		(0.1	)

Net loss	(6.3	)%	(28.8	)%

This excerpt taken from the PWAV 10-Q filed May 11, 2007.

Results of Operations

The following table summarizes Powerwave’s results of operations as a percentage of net sales for the three months ended April 1, 2007 and April 2, 2006:


	Three Months Ended
	April 1, 2007		April 2, 2006
Net sales	100.0	%	100.0	%
Cost of sales:
Cost of goods	82.3		78.4
Intangible asset amortization	3.0		1.6
Restructuring and impairment charges	6.4		—

Total cost of sales	91.7		80.0

Gross profit	8.3		20.0
Operating expenses:
Sales and marketing	8.3		4.7
Research and development	15.6		8.4
General and administrative	11.8		7.7
Intangible asset amortization	1.8		1.1
Restructuring and impairment charges	0.3		0.1

Total operating expenses	37.8		22.0

Operating loss	(29.5	)	(2.0	)
Other income, net	0.6		0.3

Loss from continuing operations before income taxes	(28.9	)	(1.7	)
Benefit from income taxes	(0.1	)	—

Loss from continuing operations	(28.8	)	(1.7	)

Income from discontinued operations, net of income taxes	—		0.4

Net loss	(28.8	)%	(1.3	)%

This excerpt taken from the PWAV 10-Q filed May 12, 2006.

Results of Operations

The following table summarizes Powerwave’s results of operations as a percentage of net sales for the three months ended April 2, 2006 and April 3, 2005:


	Three Months Ended
	April 2, 2006		April 3, 2005
Net sales	100.0	%	100.0	%
Cost of sales:
Cost of goods	78.7		73.4
Intangible asset amortization	1.6		1.2

Total cost of sales	80.3		74.6

Gross profit	19.7		25.4
Operating expenses:
Sales and marketing	4.6		5.9
Research and development	8.0		9.0
General and administrative	7.4		5.3
Intangible asset amortization	1.1		1.2
In-process research and development	—		0.2
Restructuring and impairment charges	0.1		—

Total operating expenses	21.2		21.6

Operating income (loss)	(1.5	)	3.8
Other income, net	0.4		0.1

Income (loss) before income taxes	(1.1	)	3.9
Provision for income taxes	0.1		0.6

Net income (loss)	(1.2	)%	3.3	%

This excerpt taken from the PWAV 10-Q filed May 13, 2005.

Results of Operations

The following table summarizes Powerwave’s results of operations as a percentage of net sales for the three months ended April 3, 2005 and April 4, 2004:


	Three Months Ended
	April 3, 2005		April 4, 2004
Net sales	100.0	%	100.0	%
Cost of sales:
Cost of goods	73.4		82.9
Intangible asset amortization	1.2		0.1

Total cost of sales	74.6		83.0

Gross profit	25.4		17.0
Operating expenses:
Sales and marketing	5.9		5.6
Research and development	9.0		14.7
General and administrative	5.3		5.7
Intangible asset amortization	1.2		—
In-process research and development	0.2		—

Total operating expenses	21.6		26.0

Operating income (loss)	3.8		(9.0	)
Other income, net	0.1		0.6

Income (loss) before income taxes	3.9		(8.4	)
Provision for (benefit from) income taxes	0.6		(3.2	)

Net income (loss)	3.3	%	(5.2	)%

EXCERPTS ON THIS PAGE:

10-Q	May 5, 2009

10-Q	May 9, 2008

10-Q	May 11, 2007

10-Q	May 12, 2006

10-Q	May 13, 2005

RELATED TOPICS for PWAV:

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Powerwave Technologies (PWAV)

PWAV » Topics » Results of Operations

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