Cascade Microtech (CSCD) Sees Q4 Revenue at High-End of Guidance

Cascade Microtech (NASDAQ: CSCD) disclosed the following on Thursday:

Fourth Quarter 2015 Preliminary Data

Our financial results for the fourth quarter of 2015 have not yet been prepared. However, based on a preliminary assessment, we expect our (a) revenue for the fourth quarter of 2015 to be at the high-end of our previously-announced range of $37 million to $40 million and (b) our book-to-bill ratio as of December 31, 2015 to be comfortably above 1 to 1. We also expect our results for the first quarter of 2016 to reflect our typical revenue seasonality for the quarter.

*** The Street consensus calls for Q4 revenue of $38.5 million.

We note that our actual consolidated results for the fourth quarter of 2015 and our book-to-bill ratio as of December 31, 2015 may differ materially from the amounts set forth above due to the completion of our financial closing procedures, final adjustments and other developments that may arise between now and the time the financial results for the quarter are finalized. We can give you no assurance as to consolidated results for such quarter until such information is released

We expect to release our earnings and hold our earnings call for the fourth quarter of 2015 in early February 2016, and we will confirm those expected dates in a subsequent announcement. As of the date of this report, we have not made any other public announcement or release regarding our financial results for the fourth quarter of 2015.

You May Also Be Interested In

• Benchmark on Take-Two's (TTWO) GTV 6 Release: 'we anticipate that the game will not be released within the fiscal year and expect it to launch in fiscal 2026 instead'
• Senesco Technologies, Inc. (SNT) Reports Q1 EPS of $0.02
• MetroCity Bankshares, Inc. (MCBS) Tops Q1 EPS by 4c