GigOptix (GIG) Tops Q3 EPS by 1c

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GigOptix Reports All-Time Record Revenue and Profitability in the Third Quarter Fiscal Year 2015

October 19, 2015 4:05 PM EDT

Q3 FY15 revenue was the highest ever, increasing for the sixth consecutive quarter to $10.4 million, up 23 percent from $8.5 million in Q3 FY14, and up 6 percent from $9.8 million in Q2 FY15 YTD FY15 record revenue of $29.3 million, increased 23 percent from $23.9 million for the same period of FY14 Q3 FY15 record GAAP and non-GAAP gross margin of 64 percent and 66 percent, respectively Q3 FY15 record GAAP net income of $1.0 million, or net income of $0.03 per diluted share, excluding a one-time gain from a non-recurring litigation... More