UT Starcom third quarter net loss of 34,600,000 U.S. dollars-UT Starcom loss, UT
News, UT Starcom (Nasdaq: UTSI) today announced September 30 as the third quarter fiscal 2009 earnings. Report, UT Starcom third-quarter net
Sell
Amounted to 70.5 million U.S. dollars, down from last year's 180.6 million U.S. dollars; third-quarter net loss of 34.6 million U.S. dollars, compared with a net loss of 55.9 million U.S. dollars.
Main results:
UT Starcom Net sales for the third quarter of 70.5 million U.S. dollars, compared to 180.6 million U.S. dollars;
UT Starcom third-quarter gross margin was 34%, 32% over the same period last year;
UT Starcom third quarter operating loss of 33,800,000 U.S. dollars, compared with operating loss of 34,900,000 U.S. dollars;
UT Starcom third-quarter net loss of 34.6 million U.S. dollars, which included a major restructuring announced in June with activities related to the 8.9 million U.S. dollars expenses, net loss for the same period last year 55.9 million U.S. dollars;
UT Starcom third-quarter loss per share of 0.27 U.S. dollars, a year earlier loss per share of 0.45 U.S. dollars.
Financial analysis:
UT Starcom Net sales for the third quarter of 70.5 million U.S. dollars, a year earlier to 180.6 million U.S. dollars.
UT Starcom third-quarter net sales of 46.32 million U.S. dollars of cost, compared with 1.23 billion dollars.
UT Starcom Gross profit for the third quarter of 24.19 million U.S. dollars, a year earlier to 57.33 million U.S. dollars. UT Starcom third quarter gross margin was 34%, 32% higher than the same period last year.
UT Starcom third-quarter operating expenses totaled 57.98 million U.S. dollars, a year earlier to 92.24 million U.S. dollars. Which, UT Starcom, selling, general and administrative expenses to 33.14 million U.S. dollars, a year earlier to 59.45 million U.S. dollars; UT Starcom R & D expenditures for the third quarter, 14.25 million
Dollars, a year earlier to 35.97 million U.S. dollars; UT Starcom third quarter, excluding amortization of intangible assets, amortization of intangible assets for the same period last year 280 thousand U.S. dollars; UT Starcom for the third quarter, 8.9 million restructuring expenses U.S. dollars last year, excluding restructuring expenses; UT Starcom divestitures third quarter loss of 169 million, last year the proceeds of divestiture of assets of 346 million.
UT Starcom third-quarter operating loss of 33.8 million U.S. dollars, compared with operating loss of 34.9 million U.S. dollars.
UT Starcom third-quarter net loss of 34.6 million U.S. dollars, which included the main and in June announced a restructuring plan related to 891 million in expenditures, compared with a net loss of 55.9 million U.S. dollars. UT Starcom third-quarter loss per share of 0.27 U.S. dollars, a year earlier loss per share of 0.45 U.S. dollars.
As of September 30, 2009, UT Starcom holding cash, cash equivalents and short-term investment value for the 241.7 million U.S. dollars, as of December 31, 2008 to 313.9 million U.S. dollars.
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