Ramtron International Corporation (Nasdaq: RMTR) have reported quarterly earning and reported a loss compared with a profit from last year's same quarter. Today, it spiked in the morning and slowly retreating. We recommend small investors to stay out of it and don't try to trade it. below are the detail of the results.
(BUSINESS WIRE)--U.S. semiconductor maker Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of ferroelectric-based low-power memory and integrated semiconductor products, today reported total revenue of $10.6 million for the first quarter of 2011, compared with $15.8 million for the same quarter last year. Net loss for the first quarter of 2011 was $2.4 million, or $0.09 per share, compared with a net income of $415,000, or $0.02 per share, for the first quarter of 2010. First-quarter 2011 results included stock-based compensation expense of $347,000, and an income tax benefit of $1.4 million.
“Based on the progress we have made to resolve supply chain issues and continued strong demand, we are confident that we will meet our guidance for revenue of $25 million for the first half of the year”
“We made significant progress during the first quarter toward relieving our current supply constraints,” said Eric Balzer, Ramtron’s chief executive officer. “With our wafer capacity effectively doubling this quarter, we are now working to expand our test capacity to support the increased wafer volume. Once we bring our wafer production into equilibrium with our test capacity during the second quarter, we will be in a position to satisfy our solid backlog of orders and resume revenue growth.”
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