Advanced Analogic announces first quarter 2011 results

Advanced Analogic Technologies, an analogue semiconductor company focused on consumer electronics, computing and communications markets, has reported financial results for the first quarter ended 31 March 2011.

Net revenue for the first quarter of 2011 was $20.5m (£12.5m), compared to net revenue of $21.9m for the first quarter of 2010, and $24m for the fourth quarter of 2010.

In accordance with GAAP, net loss for the first quarter of 2011 was $7.7m, or $0.18 per diluted share, including non-recurring charges for patent litigation and severance-related expenses.

This compares to a GAAP net loss of $4.2m, or $0.10 per diluted share, for the first quarter of 2010 and a GAAP net loss of $3.3m, or $0.08 per diluted share, for the fourth quarter of 2010.