Wednesday, March 26, 2008

CSUN beats by 4 cents (GAAP) on higher than expected revenues

-- Revenues were US$71.5 million, representing a 1.1% increase compared
to the same period last year, and a 46.0% increase compared to the
previous quarter; core cell revenue increased 46.1% sequentially
from US$46.3 million to US$67.7 million.
-- Gross profit and gross margin were US$4.6 million and 6.4%,
respectively compared to US$1.0 million and 2.1% during the third
quarter of 2007.
-- Quarterly net loss was US$2.3 million, compared to a net loss of
US$4.4 million in the third quarter and a US$10.5 million net profit
for the fourth quarter of 2006.
-- GAAP basic and diluted net loss attributable to holders of ordinary
shares was US$0.06 per ADS in the fourth quarter compared to a net
loss per ADS of US$0.11 in the third quarter 2007.

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