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"If quantum mechanics hasn't profoundly shocked you, you haven't understood it yet." -- Niels BohrAdditional Resources
| LTX-C Achieves Profitability in Q2, has "industry's leading business model." |
| Monday, 01 March 2010 18:39 |
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Sales increase of 15% from the prior quarter drive net income for the quarter of $813,000. As Christian Schwab, an analyst at Craig-Hallum Capital put it, "it appears that [LTX-C's] typical customers or historic customers, the TIs, STMicros, Maxims of the world are now beginning to finally kick in and spend." This is the first profit since LTX and Credence joined forces. Tacelli stated that, "over the past 5 quarters LTX-C has outpaced the growth of all the other competitors in this market. our products, compelling technology, and value proposition is resonating with customers." Going forward the company plans to continue their push in the microcontroller test market. Prior to 2009 they had essentially no market share. Currently their share of the market, estimated at $165 million in test equipment for 2010, was approximately 8%. By 2012 their goal is to have 30% market share. This would come primarily from their Diamond IMA test solution which competes with Teradyne's products. A second area of focus is wafer probe, which includes digital consumer, computing, networking, automotive and mobile applications. The estimated market size for ATE in this segment is approximately $300 million in 2010. Current market share is estimated at 5% in 2009. LTX-C expects to capture 20% market share in this area over the next two years. The Diamond is the primary system LTX-C is offering in this market, and over the last two quarters they have sold more than 50 systems. The company's third initiative is precision analog test, with a total available market of $50 million. This market includes devices such as analog-to-digital and digital-to-analog converters. Outlook Guidance for Q3 is as follows. LTX-C expects revenue to be in a range of $53 million to $55 million, which is a sequential increase of 10% to 15%. For complete transcript and other related news visit Seeking Alpha. |
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