SUNNYVALE, CA -- (Marketwire) -- 04/18/12 -- Supertex, Inc. (NASDAQ: SUPX) today announced that it expects net sales for the fourth fiscal quarter, ended March 31, 2012, to be in the range of $16,200,000 to $16,500,000. This represents a sequential increase of 15.2% to 17.3% from the third fiscal quarter sales of $14,066,000, and an approximately 16% increase over the previous flat sales guidance. Gross margin is expected to be 45% to 48%, higher than the third fiscal quarter gross margin of 38% and the prior guidance of the low 40% range, primarily due to higher than anticipated sales.
The Company plans to release its fiscal fourth quarter and 2012 year-end earnings on May 9, 2012, and to host a conference call at 2:30 p.m. PDT (5:30 p.m. EDT) on May 9, 2012, following the earnings release. Dr. Henry C. Pao, President and Chief Executive Officer, and CFO, Phil Kagel will present an overview and analysis of the fiscal fourth quarter and year-end results, discuss current business conditions, and then respond to questions.
The call will be available live for any interested party by dialing 800-862-9098 (domestic) or 785-424-1051 (toll, international) 5 minutes before the scheduled start time. A recorded replay will be available shortly after the call as a downloadable .mp3 file at http://www.supertex.com/company_ir.html until 11:59 p.m. EDT, June 9, 2012.
The industry in which we compete is characterized by extreme rapid changes in technology and frequent new product introductions. We believe that our long-term growth will depend largely on our ability to continue to enhance existing products and to introduce new products and features that meet the continually changing requirements of our customers. All statements contained in this press release that are not historical facts are forward-looking statements. They are not guarantees of future performance or events. They are based upon current expectations, estimates, beliefs, and assumptions about the future, which may prove incorrect, and upon our goals and objectives, which may change.