Seeking Alpha

Anadigics -5.9% AH following Q2 beat, in-line guidance

  • Anadigics' (ANAD) Q3 revenue is expected to be up 5%-8% Q/Q. That implies revenue of $36.3M-$37.4M, in-line with a $36.7M consensus.
  • Investors may have wanted more in light of the strong Q2 revenue beat, which was fueled by a continued surge in Wi-Fi front-end chip (FEIC) sales.
  • Wi-Fi FEIC sales, aided by a Galaxy S4 design win, rose 138% Q/Q to $11.4M in Q2, and made up 33% of revenue. They totaled just $1.1M back in Q4.
  • Total revenue +31% Q/Q and +38% Y/Y; opex -11% Y/Y.
  • Even after excluding stock compensation expenses and a $1.2M cost of sales charge, gross margin was only 5.5%, though that's an improvement from the negative margin posted in recent quarters.
  • Q2 results, PR

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Comments (3)
  • HAIRGUY
    , contributor
    Comments (4) | Send Message
     
    I'm bummed about Anad after hrs. Great quarter, good guidance. What does this stock have to do to get out of this Funk. Kudos to execs.@Anadigics. Right direction. A little more time.
    30 Jul 2013, 10:09 PM Reply Like
  • HAIRGUY
    , contributor
    Comments (4) | Send Message
     
    I'm bummed. Quater was great, guidance is good. what does Anad have to do to break out of this 3 year nightmare. Kudos to mr. Michaels and his team.
    30 Jul 2013, 10:09 PM Reply Like
  • David Shirk
    , contributor
    Comments (112) | Send Message
     
    I am seriously scratching my head on this. Some have said its due to poor guidance going forward into 2014, but that overlooks their doccsis3.1 push as well as their WiFi success. Does anyone have any insight to this - preferably someone who attended the Q2 conference call earlier today? Thanks!
    30 Jul 2013, 10:09 PM Reply Like
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