Ad
Ad
Ad
Ad
Ad
Ad
© photographer dreamstime.com Components | December 14, 2012

Tessera updates on revenue guidance

Tessera expects fourth quarter 2012 (ending Dec. 31, 2012) total revenue to range between $50.0 and 53.0 million.
Revenue from the Intellectual Property segment is expected to range between $42.0 million and $43.0 million, including approximately $25 million in past production payments.

DigitalOptics segment revenue is expected to be in the range of $8.0 million to $10.0 million. Products and services revenues are expected to be in the range of $6.0 million to $7.0 million. DigitalOptics royalties and license fees are expected to be in the range of $2.0 million to $3.0 million.

Non-GAAP operating expenses for the fourth quarter 2012 are expected to range between $51.0 million and $53.0 million. This range excludes litigation expenses and re-structuring charges of between $4.0 million and $5.0 million that the Company expects to incur in the quarter as a result of the DigitalOptics segment staff reductions and facility dispositions designed to focus efforts on its core MEMS camera module business, as previously announced on Nov. 14, 2012.

GAAP operating expenses for the fourth quarter 2012, excluding litigation expense and the aforementioned DigitalOptics charges, are expected to range between $61.0 million and $65.0 million. Included in the GAAP operating expenses are stock-based compensation, which is expected to range between $4.0 million and $5.0 million, and amortization, which is expected to range between $6.0 million and $7.0 million.

The Intellectual Property segment's litigation expense in the fourth quarter of 2012 is expected to be higher than the third quarter 2012 expense of $9.7 million due to increased activity in ongoing cases.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
September 26 2017 11:06 AM V8.7.3-1