Anadigics claims 25% share of CDMA PA market
Wireless revenues were $14.5 million, an increase of 52.7% over the prior quarter and 26.7% over the year-ago period. The strong revenue growth resulted from increased customer demand for the company s CDMA power amplifier modules and the company s expanded market share penetration with existing strategic customers such as LG, Kyocera and Audiovox.
Anadigics estimates that it had a 25% share of the CDMA power amplifier market in the fourth quarter of 2003. Also, the company commenced production shipments of GSM power amplifier modules to two Asian ODMs.
Broadband revenues were $8.8 million, an increase of 7.1% over prior quarter and 21.3% over the prior-year quarter. The growth resulted from increased shipments of WLAN power amplifiers and tuner ICs for set-top boxes.
"The fourth quarter was a strong period for ANADIGICS in which we significantly grew our CDMA market share and executed flawlessly to achieve strategic design wins and production orders for our new GSM handset and WLAN products", said Bami Bastani, president & CEO of Anadigics. ANADIGICS, Inc.
"In 2003, Anadigics introduced differentiated products and established strong relationships with leading OEMs, ODMs and tier-one reference design providers to enter the large GSM handset market and the growing WLAN market. As a result, we have now tripled our served available market, from one year ago."
The company s gross profit improved to $2.3 million or 10% reflecting the increased revenue and utilization of the company s GaAs wafer fabrication facility.
Anadigics anticipates revenue of approximately $19 - $21 million for the first quarter of 2004, and expects an earnings loss per share of approximately $0.41 - $0.43.
