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Gennum Second Quarter Results Deliver Solid Growth and Operating Earnings

^{Published on 2010-06-23 13:41:39 - Market Wire}
 

 ------------------------------------------------------------------------- (in millions of U.S. dollars except per share amounts) ------------------------------------------------------------------------- 2010 2009 ------------------------------------------------------------------------- Second quarter ------------------------------------------------------------------------- Revenue 31.7 19.4 ------------------------------------------------------------------------- Gross margin 22.5 13.6 ------------------------------------------------------------------------- Gross margin as a percentage of revenue 71.0% 70.0% ------------------------------------------------------------------------- Operating income (loss) 5.8 (1.0) ------------------------------------------------------------------------- EBITDA(1) 9.2 1.4 ------------------------------------------------------------------------- Net earnings (loss) 4.1 (1.1) ------------------------------------------------------------------------- Net earnings (loss) per share* $0.12 $(0.03) ------------------------------------------------------------------------- * all per share amounts are basic and diluted 

 ------------------------------------------------------------------------- Gennum will hold a conference call to discuss second quarter results on Wednesday, June 23, 2010 at 5:30 pm (EST). To access the call, participants should dial 1-800-814-4861. The conference call will also be webcast live at [ www.gennum.com ] or [ www.newswire.ca ] and subsequently archived on the Gennum site. A rebroadcast of the call will be available until midnight on July 23, 2010. To access the rebroadcast, dial 1-877- 289-8525 and enter the passcode 4317383 followed by the number sign. Download a slide presentation to accompany the discussion at [ http://www.gennum.com/q2fy10-downloads ]. ------------------------------------------------------------------------- 

 Caution Regarding Forward-Looking Information ---------------------------------------------