ANAD updated their 4th q guidance about a week ago.
Management reiterated that the fourth-quarter 2014 revenues will likely grow 8%–12% on a sequential basis, which is in line with its earlier guided range. In concurrence with the third-quarter 2014 results, Anadigics offered its outlook for the soon-to-be-reported quarter. Although management did not provide any specific guidance for the fourth quarter of 2014 then, Anadigics expected sequential revenue to improve 8% to 12%, driven by higher demand in the mobile business.
In addition, considerable improvements in the cost structure and improved product mix were expected to enable gross margin expansion of 200 basis points sequentially. Operating expenses were expected to be flat sequentially, leading to EBITDA improvement of about 25% to 30%.
Anadigics continues to expect a 200 basis point sequential improvement in non-GAAP gross margin. The company currently expects net cash (total cash minus bank debt) at year-end 2014 to be approximately $14.4 million – a decent improvement from $9.5 million at the end of third-quarter 2014.
