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Higher fab utilization narrows Anadigics' loss

RFIC maker Anadigics sees improved fab use and revenue, but continues to make a substantial loss.

Despite improved revenue and increased fab utilization, RFIC manufacturer Anadigics saw only a marginal improvement on the bottom line in its latest financial quarter.

The Warren, NJ, company narrowed its net loss in the three months ended July 3, which included $1.2 million in charges, to $11.7 million. This compares with a net loss of $13.8 million this time last year and $12.8 million in the prior quarter (see related story).

The $1.2 million charges arose from a combination of staff layoffs, closure of a design facility and employee relocation.

At $22.7 million, revenue was up 7% sequentially and up 26% from $18 million year-on-year.

Broadband products accounted for $12.2 million of the revenue, while wireless products made up the remaining $10.5 million.

Anadigics says that its fastest-growing revenue stream is for wireless LAN (WLAN) products, which enjoyed sequential revenue growth of 80%, and almost trebled from the figure posted one year ago.

In contrast, Anadigics rivals RF Micro Devices, Skyworks and TriQuint all registered a profit in their latest financial quarters.

Anadigics latest balance sheet shows $19.3 million in cash and cash equivalents among total current assets of $92.2 million.

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