SAN JOSE, Calif., Dec. 18, 2008 (GLOBE NEWSWIRE) -- Electroglas, Inc. (Nasdaq:EGLS), a leading supplier of wafer probing and software solutions for the semiconductor industry, today reported its operating results for the second fiscal quarter ended November 29, 2008.
Revenue for the second quarter of fiscal 2009 was $6.4 million, a 24% decrease over the first quarter of fiscal 2009 and a 44% decrease over the second quarter of fiscal 2008. Net loss on a GAAP (Generally Accepted Accounting Principles) basis was $4.7 million, or $0.18 per share and $0.17 per share loss on a non-GAAP basis. A reconciliation of non-GAAP operating results to GAAP results is included below.
Investor Conference Call Details
Electroglas' management plans to hold a teleconference today beginning at 2:00 p.m. PT, 5:00 p.m. ET. Interested parties who wish to attend the teleconference may call (866) 551-3680 (United States) or (212) 401-6760; Participant PIN Code is 2389558#, and is asked to do so approximately 10 minutes before the teleconference is scheduled to begin. No reservations are required. The teleconference will be available via webcast from the Company's website at www.electroglas.com.
About Electroglas
Electroglas is a leading supplier of innovative wafer probers and software solutions for the semiconductor industry. For more than 40 years, Electroglas has helped integrated device manufacturers (IDMs), wafer foundries and outsourced assembly and test (OSAT) suppliers improve the overall effectiveness of semiconductor manufacturers' wafer testing. Headquartered in San Jose, California, the Company has shipped more than 16,500 systems worldwide. Electroglas' stock trades on the NASDAQ Capital Market under the symbol "EGLS." More information about the Company and its products is available at www.electroglas.com.
ELECTROGLAS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per-share amounts)
(unaudited)
Three months ended Six months ended
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Nov. 29, Dec. 1, Nov. 29, Dec.
