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Electroglas posts Q2 results

Posted: 28 Dec 2005 ?? ?Print Version ?Bookmark and Share

Keywords:Electroglas? wafer probing? test handling?

Electroglas Inc., a supplier of wafer probing and test handling solutions for the semiconductor industry, recently reported its operating results for Q2 fiscal 2006, which ended Dec. 3, 2005.

Revenue for this quarter was $9.9 million, while net loss on a GAAP (Generally Accepted Accounting Principles) basis was $5.3 million or 24 cents per share. As of Dec. 3, 2005, the company had cash and investments of $37.5 million or approximately $1.71 per share.

"Electroglas' revenue was within our guidance range," said Electroglas Chairman and CEO Keith Barnes. "Positive momentum is building for our products and there are signs of improvement in the next few quarters."

Electroglas disclosed that they expect revenue for Q3 fiscal 2006 to be in the $10.5 million to $12 million range.

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