U.S. Markets open in 5 hrs 11 mins

Free Research Report as MACOM Technology Solutions Reported Better Than Expected Results

Stock Monitor: Kopin Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 30, 2018 / If you want access to our free earnings report on MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) ("MACOM"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MTSI. MACOM reported its second quarter fiscal 2018 operating and financial results on May 01, 2018. The leading supplier of high-performance RF, microwave, millimeterwave and lightwave semiconductor products provided guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Kopin Corporation (NASDAQ: KOPN), which also belongs to the Technology sector as the Company MACOM Technology Solutions Holdings. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=KOPN

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MACOM Technology Solutions Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MTSI

Earnings Highlights and Summary

For its fiscal second quarter ended March 30, 2018, MACOM's revenue was $150.4 million, reflecting a decrease of 19.2% compared to $186.1 million in Q2 FY17. The Company's reported numbers beat analysts' estimates by $4.89 million.

During Q2 FY18, MACOM's gross profit was $65.6 million, down 4.7% compared to $68.9 million in Q2 FY17. The Company's reported quarter gross margin was 43.6% compared to 37.0% in the previous year's same quarter. MACOM's adjusted gross margin was 51.6% in Q2 FY18 compared to 58.5% in Q2 FY17.

For Q2 FY18, MACOM's operating loss was $23.4 million compared to operating loss of $33.6 million in Q2 FY17. The Company's adjusted operating income was $15.7 million, or 10.5% of revenue, compared to $48.6 million, or 26.1% of revenue, in the year earlier comparable quarter.

MACOM's net loss from continuing operations was $15.5 million, or $0.50 loss per diluted share, in Q2 FY18 compared to net loss from continuing operations of $134.3 million, or $2.21 loss per diluted share, in Q2 FY17.

For Q2 FY18, MACOM's adjusted net income was $8.5 million, or $0.13 per diluted share, compared to $39.4 million, or $0.63 per diluted share, in Q2 FY17. The Company's earnings surpassed Wall Street's estimates of $0.14 per share.

Cash Matters

At the end of Q2 FY18, MACOM's cash and cash equivalents were $162.70 million compared to $130.10 million as on September 29, 2017. The Company's accounts receivables were $107 million, up from $97 million on a q-o-q basis. MACOM's days sales outstanding were 65 days in Q2 FY18, down from 68 days in Q1 FY18. The Company's inventories were $144 million, up 1% from $143 million in the prior year's same quarter, while inventory turns were 2x compared to 1.7x sequentially.

As on March 30, 2018, MACOM's long-term debt was $684 million, inclusive of capital leases. The Company also had $160 million of availability in undrawn credit line. MACOM's capital expenditures were $13 million, or 9% of revenue, in Q2 FY18 compared to $14 million, or 11% of revenue, in Q1 FY18.

Business Outlook

For the fiscal third quarter ending June 29, 2018, MACOM is forecasting revenue to be in the range of $142 million to $150 million. The Company is expecting adjusted gross margin is to be between 54% and 57%, and adjusted earnings in the band of $0.09 and $0.15 per share.

Stock Performance Snapshot

May 29, 2018 - At Tuesday's closing bell, MACOM Technology Solutions' stock marginally dropped 0.22%, ending the trading session at $22.48.

Volume traded for the day: 569.83 thousand shares.

Stock performance in the last month – up 32.16%; and previous three-month period – up 3.59%

After yesterday's close, MACOM Technology Solutions' market cap was at $1.42 billion.

The stock is part of the Technology sector, categorized under the Semiconductor - Broad Line industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors