California Micro Devices Corp. has updated estimates for its first fiscal quarter of 2004 ended June 30. The Milpitas, Calif., semiconductor supplier now expects June quarter revenue between $11.8 and $11.9 million and a net loss per share of 8 to 9 cents.
Earlier, the company projected revenue of $10.8 to $11.4 million and a net loss per share of 12 to 16 cents. The company expects its quarter-ending cash balance to be $3.3 million, compared to earlier guidance of $3.0 million.
"We anticipate that revenues for our mobile, medical and lighting products in Q1 will all be stronger than our previous guidance," said Robert Dickinson, president and chief executive, in a statement. "Particularly noteworthy is our expectation that medical revenue will represent an all-time high, underscoring the substantial progress we have made in resolving the process issues that constrained shipments in the prior quarter."