Peregrine Semiconductor, the San Diego-based maker of radio frequency integrated circuits used in wireless devices, reported a first quarter net loss of $1.2 million, compared with a net loss of $3 million for the like period of last year.
Revenue for the first quarter was $46.6 million, compared with $36.7 million for the like quarter of 2012.
CEO Jim Cable said the company enjoyed share gains at a number of important accounts, and introduced new technologies and partnerships, including the licensing of its technology to Murata, described as the market leader in radio frequency modules.
“We have positioned ourselves well for future growth as certain high profile smartphones begin to ramp and we continue to diversify the product offerings in our non-handset business,” Cable said.
For the second quarter Peregrine Semiconductor forecast revenue to come in the range of $48 million to $50 million. The gross margin is expected to be in the range of 39 to 41 percent.
— SDBJ Staff Report