Lattice Semiconductor Reports Second Quarter of 2018 Results

Second Quarter 2018 Highlights:

  • Company continues to execute on business strategy; delivers improved results with revenue at $102.7 million
  • Gross Margin of 48.9% on a GAAP basis and 57.2% on a non-GAAP basis
  • Gross Margin on a GAAP basis adversely impacted by impairment charges related to discontinuation of non-core millimeter wave business
  • Net Loss of $0.16 per share on a GAAP basis and Net Income of $0.10 per share on a Non-GAAP Basis

* GAAP represents U.S. Generally Accepted Accounting Principles. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. GAAP to Non-GAAP Financial Measures."

PORTLAND, Ore. — (BUSINESS WIRE) — July 26, 2018 — Lattice Semiconductor Corporation (NASDAQ: LSCC), a leading provider of customizable smart connectivity solutions, announced financial results today for the fiscal second quarter ended June 30, 2018.

Selected Q2 2018 Financial Results and Comparisons (in thousands, except per share data)

       
GAAP — Three Months Ended Non-GAAP — Three Months Ended
June 30,
2018
  March 31,
2018
  July 1,

2017 �nbsp;

June 30,
2018
  March 31,
2018
  July 1,

2017 �nbsp;

Revenue $ 102,715 $ 98,623 $ 94,137 $ 102,715 $ 98,623 $ 94,137
Gross Margin % 48.9 % 57.3 % 54.4 % 57.2 % 57.6 % 54.6 %
Operating Expense $ 63,812 $ 57,316 $ 59,938 $ 39,945 $ 45,421 $ 46,009
Net (Loss) Income $ (20,223 ) $ (5,952 ) $ (13,022 ) $ 12,375 $ 6,118 $ 124
Net (Loss) Income per share, basic and diluted $ (0.16 ) $ (0.05 ) $ (0.11 ) $ 0.10 $ 0.05 $
 

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
12 Mid-January Economic Nuggets
VectorworksVectorworks Blog
by Vectorworks
You’re Probably Doing BIM Without Knowing It!
Jobs
Mid-Level Landscape Architect/Designer for Studio-MLA at Los Angeles, California
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
GIS Specialist- GIS & Data Services for County of Macomb - GIS & Data Services at Mount Clemens, Michigan
GIS Specialist for City of Ithaca at ithaca, New York
Upcoming Events
Digital Built Week Americas at Anaheim CA - Jun 14, 2022 - Dec 31, 1969
Utopian and Sacred Architecture Studies (USAS) - 2nd Edition at University Way, Dockland Campus London, E16 2RD, UK London --Choose One-- United Kingdom - Jun 14 - 15, 2022
HxGN LIVE Global 2022 - Future of Manufacturing at Las Vegas NV - Jun 20 - 23, 2022



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise