Milpitas, CA--July 24, 1996--California Micro Devices Corp. (Milpitas, CA) reported net income of $332,000, or 3 cents per share, on revenues of $9.6 million, for the quarter ended June 30, 1996, the first quarter of its fiscal year 1997.
This compares with net income of $517,000, or 5 cents per share, on revenues of $8.6 million, for the quarter ended June 30, 1995. Average share and share equivalents outstanding increased to 11.02 million from 9.79 million at June 30, 1995, including 1.5 million shares held in trust in connection with the proposed, but not approved, February 1995 preliminary settlement of shareholder class action lawsuits.
The company noted that its book-to-bill ratio for the June quarter was 0.73, compared to 0.98 in the previous quarter ended March 31, 1996.
California Micro Devices Corp.
Fax: (714) 454-8314
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