Anadigics (ANAD) Reports Q4 and Full Year 2014 Results

Anadigics, Inc. (ANAD) shares are up more than 4% to $1.25 in after-hours trading Tuesday after the company reported its fourth quarter earnings results.

The designer of radio frequency semiconductor solutions reported earnings of ($0.05) per share on revenues of $20.9 million, down 42.4% from a year ago. Analysts were expecting EPS of ($0.06) on revenues of $20.8 million. Revenue for the full year 2014 was $86.3 million.

As of Dec. 31, 2014, the company reported net cash of $14.4 million, after excluding $4 million drawn under the company’s credit facility.

“We have made remarkable progress since we announced our strategic restructuring late last June, and in virtually all aspects, outperformed our stated objectives in the second half of 2014,” said in a statement Ron Michels, Anadigics chairman & CEO.

For Q1’15, ANAD issued revenue projection of approx $18.1-18.8 million, compared to the consensus revenue estimate of $19.00 million.

On valuation measures, Anadigics Inc. shares, which currently have an average 3-month trading volume of 435,810 shares, trade at a P/E to growth ratio of -0.19. The median Wall Street price target on the name is $0.90. Currently ticker has no ‘Buy’ endorsements. That compares to 4 ’Holds’ and no ‘Sell’.

Profitability-wise, ANAD has a t-12 profit and operating margin of (42.69%) and (38.56%), respectively. The $103.89M market cap company reported $18.4M in cash vs. $4.00M in debt in its most recent quarter.

ANAD currently prints a one year loss of 36.04%, and a year-to-date return of around 68%.

The chart below shows where the equity has traded over the last 52 weeks.

Anadigics Inc. designs and manufactures radio frequency semiconductor solutions for cellular, WiFi, wireless infrastructure, and cable television apps. The company was founded in 1984 and is headquartered in Warren, New Jersey.

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