Thursday, October 05, 2006
Sirenza Announces Q3 Preliminary Net Revenue
October 5, 2006
Sirenza Microdevices Announces Preliminary Third Quarter 2006 Net Revenue in the Range of $40-$41 Million
BROOMFIELD, Colo., Oct 05, 2006 (BUSINESS WIRE) --
Sirenza Microdevices, Inc. (
SMDI) today announced that it expects to report net revenue in the range of $40.0 - $41.0 million for its third quarter ended September 30, 2006. These expected results are within Sirenza's previously announced third quarter guidance for net revenue in the range of $39.0 - $42.0 million.
"We are pleased with the continued strength of our shipments in both of our business segments in the third quarter," stated Robert Van Buskirk, president and CEO of Sirenza Microdevices. "We expect that our final results will reflect sequential revenue growth over our record second quarter revenue of $39.0 million. Reported net revenue in this updated range would represent a year-over-year third quarter revenue increase in excess of 50% for our SMDI segment and 130% for Sirenza as a whole, including our PDI segment acquired in April 2006. The third quarter saw continued strength across a broad range of our customers, product lines and diversified end markets."
As previously reported, Sirenza's second quarter 2006 net revenues were $39.0 million, compared with $20.9 million for the first quarter of 2006. Sirenza's net revenues for the third quarter of 2005 were $17.2 million. Sirenza intends to report its full financial results for its third quarter of 2006 during the week of October 23, 2006....read more:
here10/05/2006 08:35:00 AM
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