Peregrine Semiconductor Reports Net Revenue of $202.3M for the YearTuesday, February 4, 2014
Peregrine Semiconductor Corp. reported a net loss of $6.8 million on net revenue of $43.3 million for its fourth quarter, which ended Dec. 28.
The San Diego company, which makes high-performance radio frequency integrated circuits, reported net income of $5.6 million on net revenue of $63 million for the same quarter of 2012.
Peregrine Semiconductor (Nasdaq: PSMI) released its results Feb. 3.
For the year, Peregrine reported a net loss of $4.1 million on net revenue of $202.3 million. For the year before, the company reported net income of $7.3 million on nearly identical revenue: $203.9 million.
Cash and cash equivalents were $16.2 million at the end of December, down from $44.1 million in late 2012.
Looking ahead, the business said it expects revenue in the range of $33 million to $36 million in the current quarter, adding that the company is progressing with product development. Peregrine said on Feb. 3 that it introduced the world’s first reconfigurable radio-frequency front-end system, which it calls Ultra CMOS Global 1.