The conference call-in number is 1-88 or 1-91 with conference identification number 6184766. Lattice Semiconductor will review the Company’s financial results for the fiscal third quarter of 2018 and business outlook for the fourth quarter of 2018 on Thursday, October 25 at 5:00 p.m. Investor Conference Call / Webcast Details: * For a reconciliation of GAAP to non-GAAP business outlook, see accompanying tables “Reconciliation of U.S. Total operating expenses for the fourth quarter of 2018 are expected to be between approximately $52 million and $55 million on a GAAP basis and between approximately $37 million and $39 million on a non-GAAP basis.Gross margin percentage for the fourth quarter of 2018 is expected to be approximately 57% plus or minus 2% on both a GAAP and non-GAAP basis.Revenue for the fourth quarter of 2018 is expected to be between approximately $93 million and $97 million.During the quarter we generated $11 million in cash flow from operations, made a discretionary debt payment of $15 million, and ended the quarter with $117.5 million in cash and short-term investments.”īusiness Outlook - Fourth Quarter of 2018: As a result, we achieved non-GAAP earnings of $0.11 per share - the highest level since the third quarter of 2014. Our ongoing cost control actions delivered non-GAAP operating expenses of $38.4 million, which are down 4% from the second quarter and 14% from the third quarter of 2017. Max Downing, Chief Financial Officer, added, “Our revenue for the quarter was $101.5 million, in line with our expectations, while our non-GAAP gross margin improved to 57.4%, led by focus on our core business and operating efficiency improvements. This will allow us to build deeper, multi-generational partnerships with our customers and is central to our ability to drive steady revenue growth and sustained profitability. Steve Douglass, who joined Lattice as Corporate Vice President, R&D, and Esam Elashmawi, who joined Lattice as Chief Marketing and Strategy Officer, will help our team increase the alignment between our customers’ needs and our product roadmap and ensure that our customers can count on us for a steady cadence of new innovations over multiple product generations. As part of our efforts, we strengthened our team with the addition of two highly experienced executives with nearly 70 years of combined FPGA, business and engineering experience. Over the mid-and longer-term we will work to expand our total addressable market with higher margin opportunities in both existing and adjacent markets, as we build greater value for the Company and shareholders. Our near term focus remains on driving profitable revenue growth, carefully managing OpEx, and paying down corporate debt. Jim Anderson, President and Chief Executive Officer, said, “Since joining Lattice as CEO in September, I have met with customers and team members worldwide as part of a strategic review. PORTLAND, Ore.-(BUSINESS WIRE)-Oct 25, 2018- Results for periods in 2017 are presented in accordance with ASC 605, which was in effect during that fiscal year. Net Income (Loss) per share, basic and diluted PORTLAND, Ore.-(BUSINESS WIRE)-Oct 25, 2018- September 30, PORTLAND, Ore.-(BUSINESS WIRE)-Oct 25, 2018- September 29, PORTLAND, Ore.-(BUSINESS WIRE)-Oct 25, 2018- Selected Q3 2018 Financial Results and Comparisons (in thousands, except per share data) © 2023 USPTO.PORTLAND, Ore.-(BUSINESS WIRE)-Oct 25, 2018-Lattice Semiconductor Corporation (NASDAQ:LSCC), a leading provider of customizable smart connectivity solutions, announced financial results today for the fiscal third quarter ended September 29, 2018. Any reliance you place on such information is therefore strictly at your own risk.Īll official trademark data, including owner information, should be verified by visiting the official USPTO website at This site is not intended to replace professional legal advice and should not be used as a substitute for consulting with a legal professional who is knowledgeable about trademark law. The use of this site is at your own risk. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, reliability, or suitability of the information displayed on this site. The information provided by uspto.report is based on publicly available data at the time of writing and is intended for informational purposes only. Uspto.report is an independent third-party trademark research tool that is not affiliated, endorsed, or sponsored by the United States Patent and Trademark Office (USPTO) or any other governmental organization.
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