Boston, MA 03/26/2014 (wallstreetpr) – ANADIGICS, Inc. (NASDAQ:ANAD) a leading manufacturer of radio frequency semiconductor solutions is in line to re-establish profitability this year. This is after implementing a number of strategic improvements that have resulted in efficiencies of operations since 2011. The company has already invested heavily on a state of the art manufacturing process technology, a move that has seen it improve and increase its production capacity.
ANADIGICS expects its three major end markets to grow this year with cellular handsets expected to do well in China markets as a way of recovering CDMA opportunities. ANADIGICS plans to diversify its Wi-Fi applications, to venture more into higher margin routers rather than in the normal applications of handsets. Revenue growth is expected to drive pro forma/EBITDA even, in H214.
ANADIGICS Buoyed by a Reduction in its Year over Year Net Loss
ANADIGICS, Inc. (NASDAQ:ANAD) continues to register a modest performance in the market after initiating its turnaround strategy. The company reported a lower than expected net loss of $9.96 million for its fourth quarter of 2013 compared to a net loss of $16.06 million reported for the same quarter in 2012.
The reduction in net loss is a clear indication of the transformations occurring in the company, a momentum that is expected to ensure the company returns to profitable ways sooner than later. ANADIGICS full year loss was down at $53.98 million in 2013 compared a huge net loss of $69.85 million reported in 20121.
ANADIGICS Planning to Focus on its Three Key Markets
There is a huge belief in the company that things could turn out for the better in the current year after implementation of a cost structure that has resulted in a considerable reduction in the company’s operating costs.
The company is also positioning itself with a view of launching new products that are expected to boost its earnings in terms of revenue. Some of the key segments that ANADIGICS plans to focus on include, rapid adoption of LTE services as well as expansion of wireless and CATV infrastructure.
ANADIGICS, Inc. (NASDAQ:ANAD)’s fourth quarter gross margin improved by 1250 basis points, an improvement driven by higher manufacturing and operational efficiencies. Moving forward the company plans to increase its ILD as well as continued product efficiencies aimed at supporting growth. The company is also engaged in a workforce reduction strategy aimed at reducing further, the costs of operation.