AuthenTec (AUTH) Reports In-line Results for Q2; Guides Slightly Below for Q3
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AuthenTec (Nasdaq: AUTH) reports a Q2 loss of $0.08, in-line with the analyst estimate of ($0.08). Revenue for the quarter was $10.7 million, which compares to the estimate of $10.96 million.
“Looking ahead to the third quarter, the effect of previously discussed design-in decisions on notebooks using the Intel Calpella platform will be fully realized for the first time in our third quarter Smart Sensor revenue projections. As a result, we expect third quarter revenue to decline sequentially to between a range of $8.2 million and $9.2 million. Operating expenses for the third quarter are expected to be consistent with the prior quarter resulting in an expected non-GAAP net loss per diluted share of between $0.10 and $0.12. (Consensus is a loss of $0.08 for Q3)
“While we do not typically provide guidance beyond one quarter, we do expect our Smart Sensor revenues to increase again in the fourth quarter. Even though several of AuthenTec’s new Smart Sensor design wins are expected to ramp to full production throughout 2011, we anticipate benefiting from some of these wins by the end of this year.”
[SM]
“Looking ahead to the third quarter, the effect of previously discussed design-in decisions on notebooks using the Intel Calpella platform will be fully realized for the first time in our third quarter Smart Sensor revenue projections. As a result, we expect third quarter revenue to decline sequentially to between a range of $8.2 million and $9.2 million. Operating expenses for the third quarter are expected to be consistent with the prior quarter resulting in an expected non-GAAP net loss per diluted share of between $0.10 and $0.12. (Consensus is a loss of $0.08 for Q3)
“While we do not typically provide guidance beyond one quarter, we do expect our Smart Sensor revenues to increase again in the fourth quarter. Even though several of AuthenTec’s new Smart Sensor design wins are expected to ramp to full production throughout 2011, we anticipate benefiting from some of these wins by the end of this year.”
[SM]
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