On Tuesday, MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) shares price traded between $23.00 and $23.96 during the last trading session upbeat with +0.47 percent at $23.40. The shares recorded a trading volume 217,770 shares as compared to its average volume of 957,628 shares. The company has 64.71 million shares outstanding and market value of 1.514B. The stock as of last trading session moved 51.36 percent up from its 52 week low and was -64.54 percent behind its 52 week high.
MACOM Technology Solutions Holdings, Inc. (MTSI) recently reported its financial results for its fiscal 2nd quarter ended March 30, 2018.
Second Quarter Fiscal Year 2018 GAAP Results
- Revenue was $150.4M, a decrease of 19.2 percent contrast to $186.1M in the previous year fiscal 2nd-quarter and an raise of 14.9 percent contrast to $130.9M in the previous fiscal quarter;
- Gross profit was $65.6M, a decrease of 4.7 percent contrast to $68.9M in the previous year fiscal 2nd-quarter and an raise of 7.6 percent contrast to $61.0M in the previous fiscal quarter;
- Gross margin was 43.6 percent, contrast to 37.0 percent in the previous year fiscal 2nd-quarter and 46.6 percent in the previous fiscal quarter;
- Operating loss was $23.4M, contrast to operating loss of $33.6M in the previous year fiscal 2nd-quarter and operating loss of $23.0M in the previous fiscal quarter; and
- Net loss from continuing operations was $15.5M, or $0.50 loss per diluted share, contrast to net loss from continuing operations of $134.3M, or $2.21 loss per diluted share, in the previous year fiscal 2nd-quarter and net loss from continuing operations of $17.0M, or $0.49 loss per diluted share, in the previous fiscal quarter.
Second Quarter Fiscal Year 2018 Adjusted Non-GAAP Results
- Adjusted gross margin was 51.6 percent, contrast to 58.5 percent in the previous year fiscal 2nd-quarter and 53.7 percent in the previous fiscal quarter;
- Adjusted operating income was $15.7M, or 10.5 percent of revenue, contrast to $48.6M, or 26.1 percent of revenue, in the previous year fiscal 2nd quarter and $13.4M, or 10.3 percent of revenue, in the previous fiscal quarter;
- Adjusted net income was $8.5M, or $0.13 per diluted share, contrast to $39.4M, or $0.63 per diluted share, in the previous year fiscal 2nd-quarter and $6.6M, or $0.10 per diluted share, in the previous fiscal quarter; and
- Adjusted EBITDA was $23.4M, contrast to $56.7M for the previous year fiscal 2nd-quarter and $20.9M for the previous fiscal quarter.
Business Outlook
For the fiscal 3rd-quarter ending June 29, 2018, MACOM expects revenue to be in the range of $142M to $150M. Adjusted gross margin is predictable to be between 54 percent and 57 percent, and adjusted earnings per share between $0.09 and $0.15 on an anticipated 66M fully diluted shares outstanding.
For comparison, if MACOM were to report fiscal 2nd-quarter financial results on a pro forma basis without the LR4 business, revenue would have been $138M, adjusted gross margin 54 percent, and adjusted earnings per share of $0.09.
Net profit margin of the firm was recorded at -16.80 percent and operating profit margin was calculated at -6.10 percent while gross profit margin was measured as 47.70 percent. Beta factor, which measures the riskiness of the security, was registered at 1.75. MTSI quick ratio for most recent quarter was 3.70 while current ratio for time period was 5.40. In most recent quarter, LT Debt/Equity ratio was listed at 0.90 and Total Debt/Equity ratio was noted at 0.91.
