Coherent Inc. announced unaudited financial results for its fourth quarter and full year ended October 3, 2009. For the quarter, the company reported net sales of $107.6 million and a net loss, on GAAP basis, of $4.5 million or $0.18 per basic and diluted share. These results compare to net sales of $142.0 million and net income of $4.1 million, or $0.17 per diluted share, for the fourth quarter of fiscal 2008. Non-GAAP net loss was $0.9 million or $0.04 per share after excluding after tax stock-related compensation expense of $1.3 million ($0.05 per share), restructuring expense of $1.1 million, net of tax ($0.04 per share), increased valuation allowances against deferred tax assets of $1.1 million ($0.05 per share) and an after tax charge of $0.1 million related to litigation resulting from internal stock option investigation, compared to Non-GAAP net income of $8.2 million or $0.34 per share a year ago. Net income for the fourth quarter of fiscal 2008 included an after tax charge of $0.2 million related to litigation resulting from internal stock option investigation, after tax stock-related compensation expense of $1.3 million and restructuring expense of $2.6 million, net of tax . Excluding these charges, non-GAAP net income for the fourth quarter of fiscal 2008 was $8.2 million, or $0.34 per diluted share. Loss from operations was $7.01 million compared to income from operations of $4.8 million a year ago. Loss before income taxes was $5.2 million compared to income before income taxes of $9.7 million a year ago. For the full year, the company posted net sales of $435.9 million and a net loss on a GAAP basis of $35.3 million or $1.45 per basic and diluted share, as compared to the prior year period sales of $599.3 million and a net income of $23.4 million or $0.83 per diluted share. Loss from operations was $35.2 million compared to income from operations of $22.6 million a year ago. Loss before income taxes was $35.9 million compared to income before income taxes of $37.3 million a year ago. Non-GAAP net income was $5.9 million or $0.24 per share, compared to non-GAAP net income of $43.2 million or $1.54 per share a year ago.

Coherent Inc. expected to Report Q1 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Coherent Inc. reported cash flows and capital spending for the fourth quarter and full year ended October 3, 2009. For the quarter, the company generated $20.5 million cash flow from operations resulting in ending cash balance of $243.6 million representing an increase of $21.7 million compared to last quarter. Capital spending for the quarter was $3.9 million or 3.6% of sales. For the fiscal year, capital spending was $21.6 million or 5% sales. The company provides earnings outlook for the first quarter of fiscal 2010. The company expects revenues in the first quarter to be in the range of $110 million to $116 million. The company would use 3.5% CapEx for the year.