California Micro Devices Presents Quarter Guidance
California Micro Devices Corp. (Milpitas, CA) presented the financial outlook for its first fiscal quarter of 2003, which ends June 30, 2002. The company anticipates revenue between $8.7 and $9.2 million, up from $8.2 million in the prior quarter, and $6.1 million in the first quarter of fiscal 2002. Net loss per share is expected to be within the $0.18 to $0.22 range, an improvement over the net loss per share of $0.46 reported in the prior quarter, and $0.37 in the year-ago quarter.
"Fiscal first quarter will be the second consecutive quarter in which we will have achieved both revenue growth and bottom-line improvement, reflecting the successful execution of the new strategy we put in place during fiscal 2002," said President and CEO Robert Dickinson. "Our focus on the mobile, computing and LED lighting markets, combined with greater marketing and sales effectiveness and a more cost-effective manufacturing model, have led to strong design-win momentum and bookings growth, as well as improving gross margins."