On 10/19/2009, Herley Industries Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Herley Industries Inc. expected to Report Q1 2010 Results on December 14, 2009. This event was calculated by Capital IQ (Created on October 17, 2009).

Herley Industries Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended August 2, 2009. For the quarter, the company's net sales were $43.0 million compared to $37.9 million in the fourth quarter of fiscal 2008. The loss from continuing operations for the quarter was $44.4 million or $3.26 per diluted share compared to a loss from continuing operations of $1.5 million or $0.11 per diluted share last year. Net loss for the quarter was $44.4 million or $3.26 per diluted share compared to a net loss of $0.3 million or $0.02 per diluted share last year. The company reported a revenue increase of $5.1 million compared to last year, which primarily resulted from the inclusion of revenues from Eyal that was acquired early in fiscal 2009. Capital expenditures were $0.9 million for the fourth quarter of fiscal 2009. The company reported loss from continuing operations before income taxes of $63.45 million and operating loss of $62.97 million compared to loss from continuing operations before income taxes of $2.66 million and operating loss of $2.91 million for the same period a year ago. Net sales for fiscal 2009 were $160.1 million compared to $136.1 million in fiscal 2008. The loss from continuing operations was $40.7 million or $3.00 per diluted share compared to a loss from continuing operations of $10.7 million or $0.78 per diluted share last year. Net loss for fiscal 2009 was $41.2 million or $3.03 per diluted share compared to a net loss of $10.3 million or $0.76 per diluted share last year. Capital expenditures were $5.4 million for fiscal 2009 compared to $4.64 million reported a year ago. The company reported loss from continuing operations before income taxes of $59.59 million and operating loss of $58.03 million compared to loss from continuing operations before income taxes of $20.94 million and operating loss of $21.20 million for the same period a year ago. Net cash provided by operating activities was $14.88 million compared to net cash used in operating activities of $10.67 million reported a year ago. The company reported impairment of goodwill and other intangible assets of approximately $44.2 million for the fourth quarter of fiscal 2009.