Lattice Semiconductor Q3 net loss decreases

Mon. October 26, 2009; Posted: 09:39 AM

Oct 26, 2009 (Datamonitor via COMTEX) -- LSCC | Quote | Chart | News | PowerRating -- Lattice Semiconductor, has reported a net loss of $4.1 million, or $0.04 per diluted share for the third quarter ended October 3, 2009, compared to $6.98 million, or $0.06 per diluted share for the same quarter of 2008.

For the third quarter of 2009, revenue was $49.1 million, a decrease of 15% compared to $57.61 million for the corresponding quarter of 2008. Operating loss was $3.45 million, compared to $6.22 million for the same period of 2008.

Net loss for the nine months ended October 3, 2009 was $12.58 million, or $0.11 per diluted share compared to $23.8 million, or $0.21 per diluted share.

Revenue was $139.33 million, compared to $172.3 million for the first nine months of 2008. Operating loss was $11.6 million, compared to $13.54 million in the first nine months of 2008.

Michael Potter, corporate vice president and CFO of Lattice, said: "We generated $12.6 million of cash from operations in the third quarter, ending the quarter with total liquidity of $163 million. This is comprised of $115.1 million of cash and cash equivalents, $30 million of other receivables and $18 million advance credits (recorded in other current assets) from Fujitsu."

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For full details on Lattice Semiconductor Cp (LSCC) click here. Lattice Semiconductor Cp (LSCC) has Short Term PowerRatings of 5. Details on Lattice Semiconductor Cp (LSCC) Short Term PowerRatings is available at This Link.

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