RF Micro Devices Inc. (RFMD, Financial) filed Quarterly Report for the period ended 2012-09-29.
Rf Micro Devices, Inc. has a market cap of $1.21 billion; its shares were traded at around $4.37 with and P/S ratio of 1.4.
Our overall operating loss was $10.2 million for the three months ended September 29, 2012 compared to operating income of $23.0 million for the three months ended October 1, 2011. This decrease was due to lower revenue as well as increased
Our overall operating loss was $23.0 million for the six months ended September 29, 2012 compared to operating income of $37.9 million for the six months ended October 1, 2011. This decrease was due to lower revenue as well as increased operating expenses associated with new product development for 3G/4G mobile devices, increases in headcount and related personnel expenses, and an increase in legal expenses resulting from IPR litigation. In addition, during the first quarter of fiscal 2013, we recorded a loss of approximately $5.0 million related to an asset transfer transaction (see Note 10 to the Condensed Consolidated Financial Statements).
We have funded our operations to date through sales of equity and debt securities, bank borrowings, capital equipment leases and revenue from product sales. Through public and Rule 144A securities offerings, we have raised approximately $1,053.3 million, net of offering expenses. As of September 29, 2012, we had working capital of approximately $368.0 million, including $115.0 million in cash and cash equivalents, compared to working capital of approximately $427.4 million at October 1, 2011, including $120.7 million in cash and cash equivalents. This decrease in working capital is primarily attributable to the purchase and retirement of approximately $47.4 million principal amount of our 2014 Notes during the six months ended September 29, 2012. As of September 29, 2012, our total cash, cash equivalents and short-term investments balance exceeded the remaining principal amount of our 2014 Notes by $119.4 million.
Operating activities for the six months ended September 29, 2012, generated cash of $17.5 million, compared to $57.5 million for the six months ended October 1, 2011. This year-over-year decrease was primarily attributable to decreased profitability resulting from lower revenue and increased operating expenses related to the continued investment in new product development as well as increased investments targeting customer diversification.
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Rf Micro Devices, Inc. has a market cap of $1.21 billion; its shares were traded at around $4.37 with and P/S ratio of 1.4.
Highlight of Business Operations:
Operating loss was $10.2 million for the second quarter of fiscal 2013 as compared to operating income of $23.0 million for the second quarter of fiscal 2012. This decrease was due to lower revenue as well as increased operating expenses associated with new product development for 3G/4G mobile devices as well as increased investments targeting customer diversification, and an increase in legal expenses resulting from IPR litigation.Our overall operating loss was $10.2 million for the three months ended September 29, 2012 compared to operating income of $23.0 million for the three months ended October 1, 2011. This decrease was due to lower revenue as well as increased
Our overall operating loss was $23.0 million for the six months ended September 29, 2012 compared to operating income of $37.9 million for the six months ended October 1, 2011. This decrease was due to lower revenue as well as increased operating expenses associated with new product development for 3G/4G mobile devices, increases in headcount and related personnel expenses, and an increase in legal expenses resulting from IPR litigation. In addition, during the first quarter of fiscal 2013, we recorded a loss of approximately $5.0 million related to an asset transfer transaction (see Note 10 to the Condensed Consolidated Financial Statements).
We have funded our operations to date through sales of equity and debt securities, bank borrowings, capital equipment leases and revenue from product sales. Through public and Rule 144A securities offerings, we have raised approximately $1,053.3 million, net of offering expenses. As of September 29, 2012, we had working capital of approximately $368.0 million, including $115.0 million in cash and cash equivalents, compared to working capital of approximately $427.4 million at October 1, 2011, including $120.7 million in cash and cash equivalents. This decrease in working capital is primarily attributable to the purchase and retirement of approximately $47.4 million principal amount of our 2014 Notes during the six months ended September 29, 2012. As of September 29, 2012, our total cash, cash equivalents and short-term investments balance exceeded the remaining principal amount of our 2014 Notes by $119.4 million.
Operating activities for the six months ended September 29, 2012, generated cash of $17.5 million, compared to $57.5 million for the six months ended October 1, 2011. This year-over-year decrease was primarily attributable to decreased profitability resulting from lower revenue and increased operating expenses related to the continued investment in new product development as well as increased investments targeting customer diversification.
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