[May 10, 2013] ANADIGICS Q1 net loss increases Tweet May 10, 2013 (Datamonitor via COMTEX) -- ANADIGICS, Inc., a provider of semiconductor solutions, has reported that net loss for the first quarter ended March 30, 2013 was $19.02 million, or $0.26 loss per share, compared to a net loss of $15.8 million, or $0.23 loss per share, for the same quarter ended March 31, 2012. Net sales for the first quarter ended March 30, 2013 were $26.38 million, compared to $28.43 million for the same quarter ended March 31, 2012. Operating loss for the first quarter ended March 30, 2013 was $19.16 million, compared to an operating loss of $17.28 million for the same quarter ended March 31, 2012. Gross loss for the first quarter ended March 30, 2013 was $721,000, compared to $1.68 million for the same quarter ended March 31, 2012. "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. http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]