Earnings Call Excerpt
Cirrus Logic, Inc. (CRUS)
Q4 2006 Earnings Conference Call
April 26th 2006, 5:00 PM.
Executives:
David French, President, Chief Executive Officer
John Kurtzweil, Senior Vice President, Chief Financial Officer
Analysts:
Jeremy Kwan, Piper Jaffray
Jay Srivatsa, Roth Capital Partners
Craig Hettenbach, Wachovia Securities
Alex Kim, Thomas Wiesel Partners
Nimal Vallipuram, FLM Securities
Don Rode, S Squared Technology
Jeff Bernstein, Manhasset Capital Management
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Fourth Quarter and Full Year Fiscal 2006 Financial Results Conference Call. Operator Instructions I would now like to turn the conference over to Mr. John Kurtzweil, Senior Vice President and Chief Financial Officer. Mr. Kurtzweil, you may begin.
John Kurtzweil, Senior Vice President, Chief Financial Officer
Thank you operator, and good afternoon. Joining me on today's call is David French, Cirrus Logic's President and Chief Executive Officer.
Before I begin, I would like to remind you that during the course of this conference call, we'll make projections and other forward-looking statements regarding among other things, our estimates for the first quarter fiscal year 2007 revenues, gross margin levels, combined R&D and SG&A expenses, stock compensation expense as well as our estimates and assumptions regarding our future revenue growth and profitability.
Please keep in mind that these statements are predictions that are subject to risks and uncertainties that may cause actual results to differ materially from our projection. By providing this information, we undertake no obligation to update or revise any projections or forward-looking statements, whether as a result of new developments or otherwise.
Please refer to our press release issued today which is available on our website at http://www.cirrus.com/. Our latest Form 10-K for the year ended March 26, 2005, as well as our other filings made with the Securities & Exchange Commission for additional discussion of risk factors that could cause actual results to differ materially from our current expectations.
I want to mention before we proceed that all financial numbers are prepared, unless noted, in accordance with Generally Accepted Accounting Principles. In addition, during our call, we'll be providing certain non-GAAP financial numbers, including our analog, mixed signal and embedded products revenue, operating expenses, net income and earnings per share.
A reconciliation of non-GAAP financial information to the most directly comparable GAAP information is included in the financial statements and issued with the financial release published today, as well as on our website in the investor section at http://www.cirrus.com/.
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