FROM STREETINSDIER- PRICING PRESSURES AT CONFERENCE
Thursday after the company gave a presentation at Barclay's telecommunication conference. During the presentation, Cirrus noted increased pricing pressure in the smartphone market. The information below was taken from slides.
*Revenue of $150-$170 million
* Gross margin of 50-52%
*R&D and SG&A $51-$55 million (including stock compensation).
Long Term Goal:
*20% operating profit
*15% average year over year revenue growth
Increased pricing pressures in the smartphone market
*Gross margins expected to be in mid-40’s
Revenue for fiscal year likely to be impacted by expected decline in ASPs