News

IXYS Announces Estimates for the March Quarter Including Record Annual Revenues for the Fiscal Year

May 08, 2012 by Jeff Shepard

IXYS Corp. announced certain preliminary estimates for the fourth fiscal quarter and fiscal year ended March 31, 2012. Net revenues for the fourth quarter are estimated to be about $86 or $87 million. This would be an increase of about $6 million or $7 million over the revenues of $80 million in the December 2011 quarter.

The revenues for the fiscal year ended March 31, 2012 are estimated to be about $367 million or $368 million. This would mark another record revenue year and an increase of about $4 million or $5 million over the revenues in the fiscal year ended March 31, 2011.

The gross margin for the fourth quarter ended March 31, 2012 are estimated to be around 33% or 34%, which would be a significant increase over the gross margin of 28.9% in the December 2011 quarter.

Cash at March 31, 2012 is estimated to be at a record, about $99 million, which would be an increase of about $23 million from cash of about $76 million in March 31, 2011.

The estimates in this press release are based on preliminary data and analysis and are subject to final closing and audit of the Company’s books for the fiscal year ended March 31, 2012. Actual results may vary materially from the estimates contained herein, due to final adjustments to financial data and adjustments resulting from audit reviews, among other things.