Key Developments For MEMSIC, Inc.
MEMSIC, Inc. (MEMS.O) (Consolidated Issue listed on NASDAQ Global Market)
Memsic, inc. Issues Q4 2009 Guidance Below Analysts' Estimates
Memsic, inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $5.5-$6.0 million. Net loss on a GAAP basis is expected to be in the range of ($0.05) to ($0.03) per share. Non-GAAP net loss, which excludes approximately $0.4 million in stock-based compensation expenses is anticipated to be in the range of ($0.04) to ($0.02) per diluted share (EPS). According to Reuters Estimates, analysts are expecting the Company to report EPS of $(0.01) on revenues of $7.7 million for the fourth quarter of 2009.
Memsic, inc. Issues Q3 2009 Guidance; Revenue Below Analysts' Estimates
Memsic, inc. announced that for the third quarter of 2009, it expects revenue to be in the range of $7.0-$7.5 million, GAAP net loss to be in the range of ($0.02) to breakeven per diluted share. Non-GAAP net income, which excludes approximately $0.4 million in stock-based compensation expenses, is anticipated to be in the range of ($0.01)-$0.01 per diluted share. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.00 on revenues of $8.2 million for the same period.
Memsic, inc. Issues Q2 2009 Guidance Above Analysts' Estimates
Memsic, inc. announced that for the second quarter of 2009, it anticipates revenue in the range of $8.0-$8.5 million, GAAP net income to be in the range of breakeven to $0.02 per diluted share and non-GAAP net income, which excludes approximately $350,000 in stock-based compensation expenses, to be in the range of $0.01-$0.03 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $6.0 million and EPS of $(0.03) for the same period.
Memsic, inc. Issues Q1 2009 Outlook Above Analysts' Estimates
Memsic, inc. announced that for first quarter 2009, it expects revenue in the range of $5.5 million to $6.0 million and GAAP net loss is anticipated to be in the range of ($0.05) to ($0.03) per diluted share. Non-GAAP net loss, which excludes approximately $350,000 in stock-based compensation expenses, is anticipated to be in the range of ($0.04) to ($0.02) per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $3.87 million and GAAP earnings per share (EPS) of $(0.05) for first quarter 2009.
Memsic, inc. Issues Q4 2008 Outlook
Memsic, inc. announced that for fourth quarter 2008, it expects revenue in the range of $4.0 to $4.5 million. GAAP net loss for the fourth quarter of 2008 is anticipated to be in the range of $0.05 to $0.04 per diluted share. Non-GAAP net loss, which excludes approximately $350,000 in stock-based compensation expenses, is anticipated to be in the range of $0.04 to $0.03 per diluted share.
