Anadigics Earnings: Here’s Why Investors are Excited Now

Anadigics, Inc. (NASDAQ:ANAD) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.06%.

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Anadigics, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.2 in the quarter versus EPS of $-0.21 in the year-earlier quarter.

Revenue: Decreased 7.14% to $26.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Anadigics, Inc. reported adjusted EPS loss of $0.2 per share. By that measure, the company missed the mean analyst estimate of $-0.2. It missed the average revenue estimate of $26.9 million.

Quoting Management: “We believe that the aggressive ramp of our WiFi products to meet accelerating customer demand, coupled with design win momentum of our new Cellular and Infrastructure products, should drive higher factory utilization and significantly improve our financial performance,” said Ron Michels, Chairman, President and CEO of ANADIGICS.

Key Stats (on next page)…

Revenue decreased 13.39% from $30.48 million in the previous quarter. EPS increased to $-0.2 in the quarter versus EPS of $-0.20 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.16 and has not changed. For the current year, the average estimate has moved down from a loss of $0.55 to a loss of $0.56 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]