Thursday, February 01, 2007

Sirenza Announces Q4 Earnings

Sirenza Microdevices Reports Fourth Quarter and Fiscal Year 2006 Results; Record Annual Revenue, Pro Forma Profit and Operating Cash Flow
Wednesday January 31, 4:05 pm ET, BROOMFIELD, Colo.--(BUSINESS WIRE)

Sirenza Microdevices, Inc. (NASDAQ:SMDI - News) today reported its financial results for its fourth quarter and fiscal year ended December 31, 2006. Revenue tracked the low end of the Company's most recent expectations announced on November 6, 2006, while earnings fell below expectations.

Record fiscal year revenue of $136.6 million; a 113% increase year-over-year
Quarterly revenue of $37.0 million, as compared to $19.5 million year-over-year and $39.7 million sequentially

Earnings
Record fiscal year net income of $6.8 million compared to $1.4 million year-over-year
Record earnings of $0.15 per share compared to $0.04 per share year-over-year
Record fiscal year pro forma(1) net income of $24.2 million compared to $4.3 million year-over-year; fiscal year pro forma net income margin of 18%
Record pro forma earnings of $0.53 per share compared to $0.11 per share year-over-year..read more: here