Aetrium Reports Third Quarter Results.ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- Aetrium Incorporated (Nasdaq:ATRM ATRM Aluminum Technology Roadmap ATRM ATO Transmit and Receive Module ) today announced results for its third quarter ended September 30, 2009. Revenue for the quarter was $3,028,000, an increase of 156% over revenue of $1,185,000 in the second quarter of 2009. Net loss for the quarter was $338,000, or $0.03 per share, as compared to a net loss of $832,000, or $0.08 per share, in the second quarter of 2009. "Business activity in the semiconductor equipment industry improved substantially in the third quarter," Joseph C. Levesque, president and chief executive officer, commented. "One driver was restocking of inventories that the semiconductor industry had pushed down below sustainable levels in its reaction to the global economic crisis that started a year ago. The seasonal surge for the coming holidays has been another driver. But we also believe that recovery of underlying demand for electronics has begun, and we believe the fourth quarter will give us some good insight on how robustly that recovery will progress." "This has been a difficult year for the semiconductor equipment industry as, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. one industry forecaster, 2009 capital expenditures by the semiconductor industry as a percentage of its revenues will be at an all time low," Levesque continued. "However, equipment utilization rates in the semiconductor industry, although still below normal, have improved significantly from earlier in the year. We believe that the combination of increasing utilization rates as underlying demand for electronics recovers coupled with the current underinvestment of the semiconductor industry in capital equipment will provide very favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. conditions for demand for semiconductor equipment going forward. And we believe that our products place us in an excellent position to take advantage of that opportunity." Certain matters in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, adverse domestic or global economic conditions, slowing growth in the demand for semiconductor devices, the volatility and cyclicality of the microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. industry, changes in the rates of capital expenditures by semiconductor manufacturers, progress of product development programs, unanticipated costs associated with the integration or restructuring of operations, and other risk factors set forth in the company's SEC filings, including its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2008. Aetrium, based in North St. Paul, Minnesota North St. Paul is a city in Ramsey County, Minnesota, east of the city of Saint Paul, Minnesota. The population was 11,929 at the 2000 census. In 1870, Henry A. Castle founded Castle Site along the shore of Silver Lake extending to the south and west. , is a leading supplier of proprietary technologies and equipment that are used by the worldwide semiconductor industry to test integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. . The company's products are used by customers to advance reliability, improve quality, increase product yield or improve manufacturing processes. Aetrium's common stock is publicly traded on the Nasdaq market under the symbol ATRM. More information about Aetrium is available on the internet at www.Aetrium.com. [TABLE OMITTED] [TABLE OMITTED] |
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