AMIS Reports First-Quarter 2003 Unaudited Results
May 04, 2003 by Jeff Shepard
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.