Microtune Inc. - Conference Presentation Calls

Microtune Inc. announced that it will highlight DOCSIS 3.0 technology, as well as a complete line of RF products, that will accelerate the migration to converged and connected services, including video over DOCSIS, multi-service RF gateways, True2Way capability, and ultra-fast wideband services.

Microtune Inc. reported preliminary unaudited consolidated financial results for the Third quarter and nine months ended September 30, 2009. For the quarter, the company's net revenue was $18.0 million compared to $17.6 million for the second quarter of 2009, and $31.9 million for the third quarter of 2008. On a generally accepted accounting principles (GAAP) basis, net loss per diluted share was $0.08 compared to net profit per diluted share of $0.06 a year ago. Non-GAAP net loss per share was $0.05 compared to net income per share of $0.08 a year ago. GAAP net loss was $4.4 million compared to net profit of $3.2 million a year ago. Non GAAP net loss was $2.8 million compared to net profit of $4.6 million a year ago. Loss from operations was $4,557,000 compared to income from operations of $3,089,000 a year ago. Loss before income tax was $4,251,000 compared income before taxes of $3,287,000 a year ago. For the nine months, the company's net revenue was $53.5 million compared to $84 million in 2008 same period. On GAAP basis, net loss per diluted share was $0.23 compared to net profit per diluted share of $0.10 a year ago. Non-GAAP net loss per share was $0.13 compared to net income per share of $0.16 a year ago. GAAP net loss was $12.1 million compared to net profit of $5.55 million a year ago. Non GAAP net loss was $7 million compared to net profit of $9.1 million a year ago. Loss from operations was $12,811,000 compared to income from operations of $4,900,000 a year ago. Loss before income tax was $11,817,000 compared income before taxes of $6,091,000 a year ago Net cash provided by operating activities was$1,456,000 compared to $2,611,000 a year ago. Purchases of property and equipment were $479,000 compared to $2,347,000 a year ago. For the fourth quarter, the company's revenue was expected to range between $19.0 million and $20.0 million. Interest income is expected to range between $200,000 and $225,000. For full year, the company expected gross margin to be approximately 50%.