Revenues for the quarter were $550 million and the cash balance at the end of the third quarter was $367 million, compared to $256 million at the end of the prior quarter. The increase in cash over the quarter is primarily due to $137 million of cash generated from operations.
The firm says, "Our strong cash position and cash flow from operations will allow us to execute share repurchases while retaining the flexibility to continue to invest in other opportunities to grow our business."
The firms' Mass Flow Controllers (MFCs) come with a software tool called FlowTune which can be hooked up to the RS232 port of a lap-top. This should enable flow changes during epitaxial growth; a big step forward.
The firm says its latest small footprint Power Amplifier (PA) based on InGaP HBT technology will be used primarily in handsets and will continue to aid the firm’s expansion in the surging Smartphone Market.
The customized chip features 7 independent channels with data rates of up to 5 Gbit/s per channel. Operating at a wavelength of 850nm, the devices will be used for short reach data communication applications.
The fiber optic technology which uses gallium arsenide (GaAs) sensors to measure temperature, will round out LumaSense's overall fiber optic measurement portfolio used in a by utilities across the globe.
The firm is currently reviewing the accounting for certain inventory write-downs and the allowance against a specific account. For Q4 FY 2010 ending September 30, 2010, the Company expects consolidated revenue to be in the range of $54 to $56 million.