Science & Technology
Science and Technology
Science and Technology
Thu, April 21, 2011
Wed, April 20, 2011
MILPITAS, Calif. & BIEL, Switzerland--([ BUSINESS WIRE ])--IXYS Corporation (Nasdaq: IXYS), an international power semiconductor company, today announced certain preliminary estimates for the fourth quarter of fiscal year 2011, which ended on March 31, 2011.
Net revenues for the fourth quarter are expected to be in the range of $95 million to $97 million. This would mark another record revenue quarter for IXYS, as well as the seventh consecutive quarter of revenue growth.
Revenues for the fiscal year ended March 31, 2011 are estimated to be in the range of $362 million to $364 million.
The book-to-bill ratio for the March 2011 quarter is estimated to be in the range of 1.10 to 1.15, with backlog estimated to be in the range of $175 million to $178 million. Backlog represents existing orders from customers expected to be shipped within 12 months. The amount of backlog as of any particular date may not be an accurate indicator of future results.
Cash at March 31, 2011 is estimated to be about $76 million, which would be an estimated increase of about $6 million from the December 31, 2010 cash of about $70 million and an estimated increase of about $15 million from cash of about $61 million in March 31, 2010.
The estimates in this press release are based on preliminary data and analysis and are subject to final closing and audit of the Companya™s books for the fiscal year ended March 31, 2011. Actual results may vary materially from the estimates contained herein, due to final adjustments to financial data and adjustments resulting from audit reviews, among other things.
The company will provide additional information and commentary (for the fourth quarter and fiscal year ended March 31, 2011) during its conference call, tentatively planned for late May 2011.
About IXYS Corporation
Since its founding in Silicon Valley, IXYS Corporation has been developing technology-driven products to improve energy conversion efficiency, generate clean energy, improve automation, and provide advanced products for the transportation, medical and telecommunications industries. IXYS, with its subsidiaries, is a worldwide pioneer in the development of power semiconductors, solid state relays, high voltage integrated circuits (HVIC), and microcontrollers that are necessary in conserving energy and in reducing the worlda™s dependence on fossil fuels.
Diminishing natural resources, demand for renewable energy and environmental directives for energy efficiency represent a significant challenge. IXYSa™ power semiconductors and mixed-signal integrated circuits (IC) play a vital role in reducing energy costs and consumption by optimizing the energy efficiency of everyday products. With an end customer base of over 2,500 telecommunications, transportation, industrial, medical and consumer companies, IXYS is a worldwide recognized provider of advanced semiconductors.
Additional information may be obtained by visiting IXYSa™ website at [ http://www.ixys.com ], or by contacting the company directly.
Safe Harbor Statement
The foregoing press release contains forward-looking statements, including those related to our backlog and book-to-bill ratio. Actual results may vary materially from those contained in the forward-looking statements, due to changes in customer delivery schedules, the cancellation of orders, an unanticipated decline in our business, increased competition, manufacturing challenges and constraints and adverse changes in customer demand, among other things. Further information on other factors that could affect IXYS is detailed and included in reports that IXYS has filed with the Securities and Exchange Commission, including its Form 10-Q for the quarter ended December 31, 2010. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.
