MANHASSET, N.Y. Nonvolatile static RAM supplier Simtek Corp. announced that revenue for the quarter ended June 30, 2006 are expected to exceed $6.0 million, topping the high end of the company's previous guidance.
Growth is coming from broad geographic and market segments. Orders for the quarter are expected to exceed the record level set in the first quarter, laying a foundation to support third-quarter growth.
Simtek (Colorado Springs, Colo.) is on track to achieve pro-forma net earnings for the third and fourth quarters.
Brian Alleman, Simtek CFO, said "Revenue for the first six months of 2006 will exceed total revenue for Simtek in the full year 2005. New orders, which should be in the range of $15 million for the first half, support our growth projections."