AMIS Reports First-Quarter 2003 Unaudited Results
AMI Semiconductor (AMIS, Pocatello, ID) reported results for the first quarter ended March 31, 2003. Net income for the first quarter of 2003 was $1.8 million compared to a net loss of $1.1 million for the first quarter of 2002. First-quarter revenues were $102.8 million, which compares with fourth-quarter 2002 revenues of $102.5 million and first-quarter 2002 revenues of $69 million.
AMIS generated EBITDA of $22.1 million compared to $19.5 million for the fourth quarter of 2002 and $11 million for the first quarter of 2002. Additionally, the company's cash balance increased from $62.2 million to $76.3 million.