Advanced Analogic Technologies, a developer of power management semiconductors for mobile consumer electronic devices, has reported net revenue of $21.2 million, for the second quarter ended June 30, 2008, a decrease of 18.1% over net revenue of $25.8 million for the second quarter of 2007.
Net loss for the second quarter of 2008 was $3.8 million, or $0.08 per diluted share, compared to net loss of $0.9 million, or $0.02 per diluted share reported in the second quarter of 2007. The company reported gross margins of 47.3% for the second quarter of 2008, compared to 55.1% for the second quarter of 2007.
Richard Williams, president, CEO and chief technology of AnalogicTech, said: The expected dollar content of a number of recent design wins is significantly higher than the company’s historical levels. We remain focused on the continued development, introduction and roll out of high-voltage and multifunction products using ModularBCD and we are encouraged by recent successes.