New product growth needs to phase off old product decline. New product finally reaches half of total revenue. This is simplified calculation. There are definitely people out there doing far more sophisticated math. It does seem to me that the crossover is finally here with profitability and growth finally going to the same correct direction.
Math is what matters. You can't invest without listening to the invest conference call and understand the numbers. I did some estimate calculation based on # from Marty and Chris, expected an estimated stock price of $9 by 2017 Q4 on a revenue of about $47-50M and earning of $9-10M. Past high fly price does not matter. But do your own math. Of course semiconductor is cyclic and you can overlay your cyclic projection, and I never want to predict the broad market.
Please do not try to influence either way, it won't work, the price won't change based on your wishful thinking. This is not a perfect company but is a decent company. Be educational to readers to make everybody a pleasant experience. At its current status, it is a relatively low risk decent return investment option, but don't expect to double your value very soon.
quarter revenue (M)
Also like how the debt obligations are being paid off..
Wonder if Zacks still thinks this is a sell? (We are now back above the "pre-zack price")
Can you tell I'm annoyed with the short term mind set that messes up the true benefits of steady, long-term growth and profits?.... I know--I need a reality check.
Sentiment: Strong Buy
Dream of the day we're profitable enough to undo that 1 for 20 reverse split. The Yahoo max chart doesn't believe how high we flew in year 2000.
Vitesse posts 4Q loss
Vitesse Semiconductor posts loss of $2.5 million in fourth quarter
CAMARILLO, Calif. (AP) _ Vitesse Semiconductor Corp. (VTSS) on Thursday reported a loss of $2.5 million in its fiscal fourth quarter.
On a per-share basis, the Camarillo, California-based company said it had a loss of 4 cents. Losses, adjusted for stock option expense and amortization costs, came to 1 cent per share.
The chipmaker posted revenue of $28.7 million in the period.
For the current quarter ending in December, Vitesse said it expects revenue in the range of $24 million to $26.5 million.
In the final minutes of trading on Thursday, the company's shares hit $3.10. A year ago, they were trading at $2.79.
This story was generated by Automated Insights using data from Zacks Investment Research. VTSS stock research report from Zacks.
Keywords:Vitesse Semiconductor,Earnings Report
Sentiment: Strong Buy
Vitesse Reports Fourth Quarter and Fiscal Year 2014 Results
• Growth in New Product Revenues of 11% Sequentially and 73% Year-over-Year, Driven by Ethernet Everywhere Strategy, Represents 57% of Total Product Revenues
• Increased Gross Margins to 63.1% from 52.5% in Fourth Quarter of Fiscal Year 2013
• Reached Non-GAAP Operating Profit of $1.0 Million for the Fourth Quarter
• Added Over 130 New Customers in Fiscal Year 2014, Resulting in Greater Diversification to Support Future Revenue Growth
• Achieved Record Design Win Success in Fiscal Year 2014
• Strengthened Balance Sheet with Repayment of 2014 Convertible Debentures
Vitesse Semiconductor Corporation
9 minutes ago
CAMARILLO, Calif.--(BUSINESS WIRE)--
Vitesse Semiconductor Corporation (VTSS), a leading provider of IC solutions to advance “Ethernet Everywhere” in Carrier, Enterprise and Internet of Things (IoT) networks, reported its financial results for the fourth quarter and fiscal year 2014, ended September 30, 2014.
“We are very pleased with the success of Vitesse’s ‘Ethernet Everywhere’ strategy and our execution is increasingly evident as demonstrated by our revenue growth, the upward trend in gross margins, design win success, and now, achieving non-GAAP operating profitability,” said Chris Gardner, CEO of Vitesse.
“In 2014, design wins for our new products reached record highs. Major wins in Carrier and Enterprise continued accumulating steadily, while those in emerging markets, such as Industrial-IoT and Storage, accelerated dramatically. IoT experienced a 200% increase in design wins in the year, now representing 37% of the total. IoT was also a major contributor to our 130 new customers in the year. We believe this growth in IoT will continue as the need to network all things escalates, expanding our served market by nearly $400 million.
Sentiment: Strong Buy
Guys, I've been waiting each day for a letter in the mail. I think someone is hoping we all move to a new address so they can't find us and don't have to pay. It is ridiculous for this to continue on and on all these years. I will repeat that I corresponded with Berdon Claims Administration in 2011 re. when shareholders would receive their approved compensation and I was told that everything was settled but the court system was holding up payments due to counter-claims against the suit. I was approved for my 24,000 affected shares but have heard nothing since. It is a travesty of justice to delay for this many years. I will post if I hear anything and hope you do also. Thanks.
The "Street" has VTSS coming in at -.04 for the quarter that should be reported on or about December 04, 2014! All post's welcome! The "Good Dr's In"!
Sentiment: Strong Buy
"Vitesse will host one-on-one meetings with investors at The Benchmark Company Micro Cap Discovery Conference at The Palmer House Hilton in Chicago on December 11, 2014. "
Would any Company in their right mind have a one-on-one investor meeting right after disclosing their 4th Quarter earnings if they didn't think there would be excitement, new interest, and confidence?
Okay... I will adjust my (hopeful) prediction: $6.00 By late December.
Be patient..... Zacks rediculous advice set VTSS back a good month.
Also I had aniticipated Q4 CC in November ( I was wrong). It is now DEC 4....
Did you see today's news?
They have a vision for "ethernet everywhere". If they can execute, then they will become profitable this year and move from "visionary" to "leader".
like in Gartner Research . What quadrant box are we in ...Leaders Box or Challengers Box ?...Just a couple of thoughts & then I will research...THX Board...Leoooooo
Not a big deal at all. They paid it off with nary a blink. They don't seem worried about a lowered cash position, as if they are expecting to turn a profit shortly.
Raging Capital is Vitesse’s largest stockholder, directly owning 14,321,127 shares of common stock (or over 21% of shares outstanding) and $8,639,676 principal amount of our 8.00% Convertible Second Lien Debentures due 2014.........Thank you Board in advance....Leoooo