SOURCE: Lattice Semiconductor Corporation

Lattice Semiconductor Corporation

November 05, 2013 06:13 ET

Lattice Semiconductor Files 10-Q for Third Quarter 2013 and Amends Financial Results

HILLSBORO, OR--(Marketwired - Nov 5, 2013) - Lattice Semiconductor Corporation (NASDAQ: LSCC) today filed its Form 10-Q for the third quarter ended September 28, 2013 with the U.S. Securities and Exchange Commission. In connection with this filing, Lattice has amended its third quarter results, which were originally reported on October 24, 2013. The tables below detail the amendments, including gross margin and net income (loss) per share increasing to 53.2% and $0.08 per basic and diluted share, respectively, for the three months ended September 28, 2013, compared to 52.4% and $0.07 per basic and diluted share, respectively, as originally reported on October 24, 2013. 

As reported on October 24, 2013:

      Three Months Ended
September 28, 2013
      Nine Months Ended
September 28, 2013
 
Cost of Products Sold   $ 41,463     $ 114,050  
Gross Margin %     52.4 %     53.1 %
Income (loss) from operations   $ 8,230     $ 17,886  
Income (loss) before income taxes   $ 8,576     $ 18,126  
Net Income (loss)   $ 8,159     $ 15,059  
Net Income (loss) per share:                
Basic   $ 0.07     $ 0.13  
Diluted   $ 0.07     $ 0.13  

As Amended:

      Three Months Ended
September 28, 2013
      Nine Months Ended
September 28, 2013
 
Cost of Products Sold   $ 40,778     $ 113,365  
Gross Margin %     53.2 %     53.3 %
Income (loss) from operations   $ 8,915     $ 18,571  
Income (loss) before income taxes   $ 9,216     $ 18,811  
Net Income (loss)   $ 8,844     $ 15,744  
Net Income (loss) per share:                
Basic   $ 0.08     $ 0.14  
Diluted   $ 0.08     $ 0.13  

About Lattice Semiconductor:

Lattice Semiconductor (NASDAQ: LSCC) is the World's leading provider of ultra-low-power programmable IC solutions for makers of smartphones, mobile handheld devices, small-cell networking equipment, industrial control, automotive infotainment, and much more. With more than 1 billion units sold over the past 10 years, Lattice ships more FPGAs, CPLDs and Power Management solutions than any other programmable solutions vendor. For more information, visit www.latticesemi.com. You can also follow us via Twitter, Facebook, or RSS.

Contact Information

  • For more information contact:
    Joe Bedewi
    Chief Financial Officer
    Lattice Semiconductor Corporation
    503-268-8000

    David Pasquale
    Global IR Partners
    914-337-8801
    lscc@globalirpartners.com