|
|
Three months ended |
Nine months ended |
|||
|---|---|---|---|---|---|
|
Description |
Sept. 30, 2005 |
June 30, 2005 |
Sept. 30, 2004 |
Sept. 30, 2005 |
Sept. 30, 2004 |
|
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
|
|
Revenue |
$53,390 |
$52,396 |
$57,281 |
$157,069 |
$177,291 |
|
Costs and expenses: |
|||||
|
Costs of products sold |
23,398 |
22,862 |
24,848 |
68,431 |
75,799 |
|
Research and development |
22,719 |
24,483 |
23,213 |
71,759 |
68,071 |
|
Selling, general and administrative |
13,558 |
16,433 |
13,630 |
44,324 |
40,786 |
|
Total costs and expenses |
59,675 |
63,778 |
61,691 |
184,514 |
184,656 |
|
Loss from operations |
(6,285) |
(11,382) |
(4,410) |
(27,445) |
(7,365) |
|
Other income, net |
3,405 |
7,436 |
3,989 |
14,250 |
10,232 |
|
(Loss) income before provision for income taxes |
(2,880) |
(3,946) |
(421) |
(13,195) |
2,867 |
|
Provision for income taxes |
237 |
100 |
118 |
437 |
218 |
|
Non-GAAP net (loss) income |
($3,117) |
($4,046) |
($539) |
($13,632) |
$2,649 |
|
Diluted Non-GAAP (loss) income per share (2) |
($0.03) |
($0.04) |
($0.00) |
($0.12) |
$0.02 |
|
Shares used in calculations |
113,544 |
113,469 |
113,181 |
113,495 |
114,222 |
Notes:
(1) This table presents operating information that is consistent with the information reported by Thompson Financial, Reuters and Zacks for Lattice Semiconductor Corporation.
(2) For the year 2005 periods presented and for the three months ended September 30, 2004 the computation of diluted Non-GAAP loss excludes the effect of stock options and our Zero Coupon Subordinated Convertible Notes as they are antidilutive. For the nine months ended September 30, 2004 the computation of diluted Non-GAAP income includes the effect of stock options but excludes the effect of our Zero Coupon Subordinated Convertible Notes as they are antidilutive.
|
|
Three months ended |
Nine months ended |
|||
|---|---|---|---|---|---|
|
Description |
Sept. 30, 2005 |
June 30, 2005 |
Sept. 30, 2004 |
Sept. 30, 2005 |
Sept. 30, 2004 |
|
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
|
|
Net loss |
($0.06) |
($0.07) |
($0.06) |
($0.23) |
($0.34) |
|
Add: |
|||||
|
Amortization of intangible assets |
$0.03 |
$0.03 |
$0.06 |
$0.11 |
$0.36 |
|
Non-GAAP (loss) income |
($0.03) |
($0.04) |
($0.00) |
($0.12) |
$0.02 |
Note:
(1) This table reconciles net loss to non-GAAP information, which is presented in Appendix 1, on a per-share basis.
|
Operations Information |
Q305 |
Q205 |
Q304 |
|---|---|---|---|
|
Percent of Revenue |
|||
|
Gross Margin |
56.2% |
56.4% |
56.6% |
|
R&D Expense |
42.6% |
46.7% |
40.5% |
|
SG&A Expense |
25.4% |
31.4% |
23.8% |
|
Operating Loss |
-19.2% |
-29.6% |
-17.8% |
|
Operating Loss (Non-GAAP) |
-11.8% |
-21.7% |
-7.7% |
|
Depreciation Expense ($000) |
3,199 |
3,412 |
4,185 |
|
Capital Expenditures ($000) |
3,305 |
2,768 |
1,361 |
|
Balance Sheet Information |
|||
|
Current Ratio |
6.3 |
6.6 |
5.6 |
|
A/R Days Revenue Outstanding |
45 |
45 |
43 |
|
Inventory Months |
4.1 |
4.5 |
4.7 |
|
Revenue % (by Product Family) |
|||
|
FPGA |
19% |
19% |
20% |
|
PLD |
81% |
81% |
80% |
|
Revenue % (by Product Classification*) |
|
|
|
|
New |
36% |
32% |
21% |
|
Mainstream |
29% |
32% |
43% |
|
Mature |
35% |
36% |
36% |
|
Revenue % (by Geography) |
|||
|
Americas |
31% |
32% |
31% |
|
Europe (incl. Africa) |
24% |
23% |
22% |
|
Asia (incl. ROW) |
45% |
45% |
47% |
|
Revenue % (by End Market) |
|||
|
Communications |
51% |
53% |
50% |
|
Computing |
18% |
16% |
20% |
|
Other |
31% |
31% |
30% |
|
Revenue % (by Channel) |
|||
|
Direct |
65% |
62% |
62% |
|
Distribution |
35% |
38% |
38% |
* Product Classification:
New: LatticeEC/P, LatticeXP, MachXO, FPSC, XPLD, XPGA, GDX2, ORCA 4, ispMACH 4000/Z, ispPAC-PWR, ispCLK
Mainstream: ORCA 3, GDX/V, ispMACH L/V, ispLSI 2000V, ispLSI 5000V, ispLSI 8000V, ispMACH 5000V/G, and Other
Mature: ORCA 2, all 5-Volt CPLDs, all SPLDs
© Lattice Semiconductor Corporation 2012
