Endwave Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Revenues from continuing operations for the third quarter of 2009 were $3.1 million. This compares with revenues of $10.9 million in the year ago period. Net loss from continuing operations after provision for income taxes, calculated in accordance with accounting principles generally accepted in the United States (GAAP), for the third quarter of 2009 was $2.6 million, or $0.27 per basic and diluted share. This compares with a net loss from continuing operations after provision for income taxes of $173,000, or $0.02 per basic and diluted share in the year ago period. Non-GAAP net loss in the third quarter of 2009 was $1.7 million, or $0.18 per basic and diluted share. This compares with non-GAAP net income of $599,000, or $0.06 per basic share and $0.05 per diluted share in the year ago period. GAAP net loss was $2.6 million or $0.27 per basic and diluted share against $1.0 million or $0.11 per basic and diluted share last year. Loss from continuing operations was $2.6 million against $0.5 million last year. Loss from continuing operations before provision for income taxes was $2.6 million against $0.2 million last year. For the third quarter of 2009, non-GAAP net loss was calculated by excluding non-cash stock-based compensation expense of $939,000, income from discontinued operations, net of tax of $41,000 and the reversal of certain restructuring charges that resulted in a gain of $21,000. Non-GAAP total revenues were $3.1 million against $10.9 million last year. Non-GAAP loss from operations was $1.7 million against non-GAAP income from operations of $0.3 million last year. Non-GAAP loss before provision for income taxes was $1.7 million against non-GAAP income before provision for income taxes of $0.6 million last year. For the nine months, non-GAAP net loss was $4.0 million or $0.42 per basic and diluted share. This compares with non-GAAP net income of $2.0 million or $0.22 per basic share and $0.16 per diluted share in the year ago period. GAAP net income was $10.4 million or $1.10 per basic and diluted share against net loss of $3.7 million or $0.40 per basic and diluted share last year. Total revenues were $16.9 million against $33.4 million last year. Net loss from continuing operations after provision for income taxes, calculated in accordance with accounting principles generally accepted in the United States (GAAP), was $7.2 million, or $0.76 per basic and diluted share. This compares with a net loss from continuing operations after provision for income taxes of $0.4 million, or $0.04 per basic and diluted share in the year ago period. Loss from continuing operations was $7.4 million against $1.4 million last year. Loss from continuing operations before provision for income taxes was $7.2 million against $0.4 million last year. Non-GAAP total revenues were $16.0 million against $33.4 million last year. Non-GAAP loss from operations was $4.2 million against non-GAAP income from operations of $1.0 million last year. Non-GAAP loss before provision for income taxes was $4.0 million against non-GAAP income before provision for income taxes of $2.0 million last year.

Endwave Corp. announced that Ed Keible will step down as vice chairman, chief executive officer and director effective November 30, 2009. The board of directors named John Mikulsky as president and chief executive officer succeeding Mr. Keible. The board also elected Mr. Mikulsky to the board of directors effective December 1, 2009. Mr. Mikulsky is currently Endwave's president and chief operating officer.

Endwave Corp. announced the launch of an extensive product line of microwave and millimeter wave integrated circuits for use in microwave radios and other high frequency systems. The product line consists of a wide variety of circuit types including amplifiers, voltage controlled oscillators, up and down converters, variable gain amplifiers, voltage variable attenuators, fixed attenuators and filters.