Lake Street Capital Markets Downgrades ANADIGICS (ANAD) to Hold

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Go back to Lake Street Capital Markets Downgrades ANADIGICS (ANAD) to Hold

ANADIGICS Announces Second Quarter Results

August 6, 2015 4:00 PM EDT

Quarterly Net Sales of $15.8 Million Non-GAAP Gross Margin of 20.5% Quarterly GAAP EPS ($0.07); Non-GAAP EPS ($0.05)

WARREN, N.J., Aug. 6, 2015 (GLOBE NEWSWIRE) -- ANADIGICS, Inc. (Nasdaq: ANAD) ("ANADIGICS" or the "Company"), a world leader in radio frequency solutions, reported second quarter 2015 net sales of $15.8 million, a sequential decrease of 14.4%, driven principally by the decline in non-strategic cellular mobile business.

GAAP net loss for the second quarter of 2015 was $6.2 million, or ($0.07) per diluted share. Non-GAAP net loss for the second quarter of 2015 was $4.5 million, or ($0.05) per share.

As of July 4, 2015, cash and cash... More