PLANO, Tex. -- Radio-frequency IC supplier Microtune Inc. here today reiterated that it expects to report second-quarter revenues in a range of $14.1 million to $15.0 million, a 15-to-20% sequential drop from $17.7 million in the first quarter this year. The guidance is similar to what the Plano startup issued on April 23.
"In light of the disappointments surrounding many technology companies' revenue guidance revisions in the past few weeks, we felt it necessary to assure our shareholders that Microtune is on plan and will meet revenue guidance for the second quarter," said Douglas J. Bartek, chief executive officer and chairman of Microtune.
The company did not release an estimate for gross margins or earnings. In the first quarter, Microtune posted a net loss of $2.8 million, including charges for inventories.
Despite continued weakness in the economy, Microtune said its backlog for the third quarter increased during the second quarter. An updated guidance for the third quarter will be issues during an earnings conference call on July 23, said the company.