AAT releases revenues for third quarter

Analogue semiconductor company Advanced Analogic Technologies (AAT) has revealed that net revenue for the third quarter of 2010 was $25m (£16m), a decrease of 4.4 per cent over $26.1m in the third quarter of 2009 and an increase of 7.9 per cent from $23.1m in the second quarter of 2010.

In accordance with GAAP, net loss was $1.3m, or $0.03 per diluted share, compared with a net loss of $1m, or $0.02 per diluted share, in the third quarter of 2009 and a net loss of $3.9m, or $0.09 per diluted share, in the second quarter of 2010.

On a non-GAAP basis, net loss in the third quarter of 2010 was $2.4m, or $0.06 per diluted share, compared with non-GAAP net income of $0.8m, or $0.02 per diluted share, in the third quarter of 2009 and a non-GAAP net loss of $2.7m, or $0.06 per diluted share, in the second quarter of 2010.