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Spansion with sequential net sales increase
Spansion reported third quarter (ended September 30, 2012) net sales of USD 239.7 million, up from USD 233 million in 2Q/2012 and down from USD 258 million YoY.
On a non‑GAAP basis, net sales totaled $239.7 million, gross margin was 36.3%, operating income was $31.5 million, net income was $22.6 million, and diluted EPS was $0.36.
Third Quarter 2012 Financial Highlights:
- Revenue of $239.7 million
- Non-GAAP adjusted gross margin of 36.3%
- Non-GAAP adjusted operating income of $31.5 million or 13.1% of revenue
- Adjusted EBITDA of $46.8 million
- Non-GAAP EPS of $0.36 per share
- Cash, cash equivalents and short term investments of $328 million