MANHASSET, N.Y. Radiofrequency IC supplier RF Micro Devices Inc. posted a net loss of $2.7 million, or 1 cent per share on sales of $159.4 million in its first fiscal 2006 quarter ended June 30. By contrast, the company lost $63.0 million, or 34 cents per share on sales of $150.4 million the previous quarter, and earned $3.0 million, or 2 cents per share on sales of $165.8 million in the year-ago quarter.
Gross margin improved sequentially to 34.1 percent from 29.8 percent in the March 2005 quarter.
For the second fiscal 2006 quarter ending Sept. 30, RF Micro expects sales in the low- to mid-$170 million range. GAAP net income is projected to be 1 to 2 cents per share.
"In the September quarter, we currently expect sequential growth as we continue to expand our semiconductor content in our customers' next-generation devices,” said Bob Bruggeworth, president and chief executive of RF Micro, in a statement. “We are forecasting sequential growth in transceiver shipments, and we currently expect our Polaris chipsets will represent greater than 10 percent of the company's revenue in the current quarter.