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MACOM Technology Solutions fiscal Q1 loss widens YOY

MACOM Technology Solutions Holdings Inc. said its normalized net income for the fiscal first quarter ended Jan. 1 was a loss of 19 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

The per-share loss grew year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $10.1 million, compared with a loss of $3.9 million in the year-earlier period.

The normalized profit margin declined to negative 8.5% from negative 4.1% in the year-earlier period.

Total revenue increased 19.9% year over year to $115.8 million from $96.6 million, and total operating expenses rose 28.3% from the prior-year period to $112.8 million from $87.9 million.

Reported net income totaled a loss of $17.0 million, or a loss of 32 cents per share, compared to a loss of $10.0 million, or a loss of 21 cents per share, in the prior-year period.