Wolfson Microelectronics is a global leader in the supply of high performance mixed-signal semiconductor solutions to the consumer electronics market.

In the home, in the office and on the move, our innovative technology can be found at the heart of many of the world's leading digital consumer goods, including mobile phones, tablet computers, premier hi-fi equipment, gaming devices, MP3 players, flat panel televisions, digital still cameras and portable navigation devices.

Wolfson is committed to the design and supply of ground-breaking audio products, including its architecture-defining audio hub solutions, silicon micro-electro-mechanical system (MEMS) microphones, power management integrated circuits and noise cancellation solutions, all of which come together to allow Wolfson to deliver industry-leading audio solutions to consumer electronics applications. This rich portfolio allows Wolfson's global customers to better differentiate their digital consumer products and create whole new end-user experiences.

Wolfson's headquarters are located in Edinburgh, UK, and we have over 420 employees working out of 12 locations worldwide. Our customers are located worldwide and so are our sales and engineering teams, with offices across Europe, the US, Australia and Asia.


http://www.wolfsonmicro.com/

Q4 and Full Year Results 2012
RNS
RNS Number : 2063X
Wolfson Microelectronics PLC
06 February 2013



6 February 2013

Wolfson Microelectronics plc

Fourth Quarter and Full Year Results to 30 December 2012

Strong revenue momentum with fourth quarter sales up 52% year-on-year

Wolfson Microelectronics plc ("Wolfson" or "the Company"), a world leader in Audio Solutions for consumer electronic products, announces fourth quarter and audited full year results for 2012.

Fourth quarter 2012 summary:

· Revenue up 52% to $56.1m (Q4 2011: $36.9m)

· Gross margin of 43.9% (Q4 2011: 49.9%, before exceptional charges)

· Underlying* operating profit of $1.5m (Q4 2011: $2.9m loss)

· Operating profit of $0.5m** (Q4 2011: $7.2m loss)



Full year financial summary:

· Revenue up 15% to $179.7m (2011: $156.9m)

· Gross margin of 46.9% (2011: 48.5%, before exceptional charges)

· Underlying* operating loss of $2.9m (2011: $7.5m loss)

· Operating loss of $9.3m** (2011: $24.2m loss)

· Underlying* diluted loss per share of 1.0 cents (2011: 4.9 cents loss)

· Diluted loss per share of 5.2 cents (2011: 15.4 cents loss)

· Cash and short-term deposits at 30 December 2012 of $48.0m (1 Jan 2012: $53.4m), no debt



Full year 2012 operational summary:

· Built strong revenue momentum as 2012 progressed with year-on-year sales growing 52% in Q4 and 15% for the full year supporting a return to profitability in the second half of 2012



· Sales to mobile phones and tablet computer applications grew 60% year-on-year



· Strong performance from Audio Hubs and Micro-Electro-Mechanical Systems (MEMS) microphone product lines with Audio Hubs growing 27% overall, Mobile Audio Hubs growing by around 60% and MEMS microphones growing to 6% of Q4 2012 revenues



· Launched 21 new products, including the world's first quad core HD Audio System-on-a-Chip (SoC) and the world's first high performance integrated MEMS microphone

· Record estimated revenue value for new design-ins set in 2012 with Q4 2012 the best ever quarter for design-in value. The majority of the value of design-ins is for Audio Hubs with around 10% for MEMS microphones













Outlook:



In Q1 2013, given normal seasonality, the Company anticipates:



• Continuing revenue momentum with year-on-year revenue growth in the range of 40% - 60% ($42m to $48m) dependent on timing of customers' new product ramps

• Gross margin to be around 41% driven by near-term product mix



Looking further ahead:



• Gross margins are expected to improve strongly towards traditional levels as 2013 progresses primarily due to mix shifting to more value-added products and MEMS production reaching economic scale

• Strong end-markets in smartphones and tablet computers, the shift to higher added value products and design-in value at record levels in 2012, means the Company is well positioned for further strong growth in revenues and profitability during 2013





Commenting on the results, Mike Hickey, CEO of Wolfson Microelectronics, said:



"By penetrating the most dynamic and fast-growing segments of the consumer electronics market, we have established strong revenue momentum, growing more than 50% year-on-year in the fourth quarter and, as anticipated, returned to profit in the second half of the year.

"We are increasing our market presence in smartphones and tablet computers, and are now shipping to most of the world's brand-leading mobile phone and tablet computer manufacturers. This, combined with our class-leading portfolio of audio products delivering another record year for new design-ins, positions the Company well for further strong growth in 2013."



*Underlying full year results exclude: charges for the amortisation of acquired intangible assets (2012: $1.7m; 2011: $5.5m) and share-based compensation charges, including associated payroll taxes (2012: $3.3m; 2011: $3.6m). Also, in 2012, an exceptional charge of $1.4m is excluded (2011: net exceptional charges of $7.6m are excluded). The term "underlying" is not defined in IFRS and therefore may not be comparable with similarly titled measures reported by other companies. Underlying measures are not intended as a substitute for, or a superior measure to, IFRS measures.

** After exceptional charge for 2012 of $1.4m (2011: after net exceptional charges $7.6m) of which $1.4m was in Q4 2012 (Q4 2011: $2.4m charge).

Shares Mag says BUY WLF on 31/1/2013

,

Wolfson signs agreement with Samsung

RNS


RNS Number : 1423C

Wolfson Microelectronics PLC

11 April 2013






11 April 2013



Wolfson Microelectronics plc

("Wolfson" or "the Company")



Multi-Year IP License and Component Supply Agreement with Samsung establishes Wolfson as a primary audio partner for GALAXY range of smartphones and tablets



Wolfson Microelectronics plc, a global leader in the design and development of mixed-signal semiconductor audio solutions for the consumer electronics market, and Samsung Electronics Co., Ltd, a global leader in digital media and digital convergence technologies, have today agreed a multi-year IP License and a Component Supply Agreement which establishes Wolfson as a primary Samsung audio partner. As a result of this agreement, Wolfson expects to be a major audio component supplier for Samsung's GALAXY range of smartphones and tablets including the GALAXY S4 in 2013.



This announcement builds on Wolfson and Samsung's existing relationship, where Wolfson has provided outstanding audio performance for Samsung devices including its best-selling GALAXY S III, as well as its GALAXY Note II and GALAXY Note 10.1.



Mike Hickey, CEO of Wolfson, said: "This is a significant milestone for Wolfson, and we are delighted to be making this announcement. Having worked closely with Samsung over recent years on their GALAXY range of tablets and smartphones, this agreement is a testament to our strong IP portfolio and our growing partnership, and we very much look forward to working closely together to continue to deliver exceptional audio in Samsung's smartphones and tablets."

Good to see a broker upgrade today.Wolfson Microelectronics: Numis increases target price from 210p to 230p and upgrades to buy

The Directors of Wolfson Microelectronics plc (LSE: WLF) will be announcing the Company's first quarter results for the period to 31 March 2013 on Tuesday 30 April 2013.

A buy in this weeks share mag - The pre-tax losses of between $1m and $6m recorded in 2012 could turn into profits of $20m by 2014, according to some market estimates.

201 dreamcatcher ,are we talking BC or AD :)

Jimmy b, 201 is near enough to 2014. lol . Thanks for that.

Q1 Results 2013

RNS


RNS Number : 5572D

Wolfson Microelectronics PLC

30 April 2013






30 April 2013

Wolfson Microelectronics plc

First quarter results to 31 March 2013



Strong momentum continues with revenue up 59% year-on-year



Wolfson Microelectronics plc ("Wolfson" or "the Company"), a leading supplier of mixed-signal semiconductors and audio solutions for consumer electronic products, announces its financial results for the first quarter ended 31 March 2013.



Financial summary:

· Revenues up 59% year-on-year to $48.1m (Q1 2012: $30.3m)

· Gross margin reduced to 40.3% due to product mix as previously guided (Q1 2012: 49.0%), and is anticipated to improve during 2013 as product mix moves towards higher margin products

· Underlying* operating loss of $2.8m excluding restructuring and exceptional charges of $2.1m (Q1 2012: $6.4m loss)

· Operating loss of $6.3m (Q1 2012: $8.4m loss)



Operational summary:

· On 11 April 2013, Samsung and Wolfson signed a multi-year IP License and a Component Supply Agreement, which establishes Wolfson as a primary Samsung audio partner. As a result of this agreement, Wolfson expects to be a major audio component supplier for Samsung's GALAXY smartphones and tablets, including the Samsung GALAXY S4, in 2013

· Revenues from Mobile Audio Hubs grew over 100% year-on-year to 85% of Q1 2013 sales

· Micro-electro-mechanical systems (MEMS) microphones grew year-on-year, with further strong growth expected as 2013 progresses

· An existing North American smartphone customer has included Wolfson's Audio Hub in one of its recently announced flagship products

· Lenovo selected Wolfson audio products with integrated transmit path (Tx) and receive-path (Rx) noise reduction, and Ambient Noise Cancelling (ANC) technology, alongside an Intel® Atom Clover Trail+ processor, for its flagship IdeaPhone K900

· Continued expansion in China, shipping to three new smartphone customers, including Lenovo who were number two in smartphone share in China in 2012

· Two leading-brand manufacturers included Wolfson's audio solutions in their new gaming products



Outlook:

· Q2 2013 revenue is dependent on multiple customer new product launches and associated product ramps. Given normal variability in the timing of these, and some pre-shipments in Q1 2013 to support Q2 launches, Q2 2013 revenue is expected to be in the range of $44m - $54m, supporting strong year-on-year first half sales growth of between 33% and 44%

· Gross margin in Q2 2013 is expected to increase to around 43%, in line with a more favourable product mix, and is anticipated to improve further in the second half of 2013

· Based on continuing revenue and customer momentum, the Company remains well-positioned for a further step up in revenues in the second half of 2013 and strong full year revenue growth



Commenting on the results, Mike Hickey, CEO of Wolfson, said: "The growth momentum we built up last year has continued into the first quarter, with record first quarter sales up close to 60% year-on-year. This growth is being driven by our class-leading HD Audio solutions for smart mobile devices. We continue to build closer relationships with market leaders in smartphone and tablet applications and, encouragingly, we are also expanding our position in the fast-growing smartphone market in China and other emerging markets.



"With lots of exciting product launches by our customers, continued strong customer adoption and design-ins transitioning to revenue in line with our expectations, the Company remains well-positioned for another year of strong revenue growth in 2013."



*Underlying results exclude: charges for the amortisation of acquired intangible assets (Q1 2013: $0.4m; Q1 2012: $0.7m); share-based compensation charges, including associated payroll taxes (Q1 2013: $1.0m; Q1 2012: $1.3m); and, in Q1 2013, severance costs of $1.5m (Q1 2012: $nil) and an exceptional charge of $0.6m (Q1 2012: $nil). The term "underlying" is not defined in IFRS and therefore may not be comparable with similarly titled measures reported by other companies. Underlying measures are not intended as a substitute for, or a superior measure to, IFRS measures.

1

Gone long here this morning chart looks like its in BULL mode and plenty of broker upgrades recently. Looking at the previous SP top here first up.......

17 May 2013 | 17:55pm

StockMarketWire.com - Ross Graham, Non Executive Director, bought 22,446 shares in the company on the 17th May 2013 at a price of 222.75p. The Director now holds 171,775 shares.

A buy in this weeks shares mag.

The audio chip designer is rebuilding its reputation in the existing smartphone and tablet space after intense product investment. This is leading to a run of new in-build agreements with major handset manufacturers. Analysts see a 50% increase in revenues by 2014.

sp 178p taking a pasting this morning?

anyone in the know why it is getting hammered? (weird as Ross Graham bot an additional 22000 shares on 17/5)

Plop!

robinhood, see post 5 here.

Cazenove's stance on WLF:
"Due to indications of slowing demand momentum for the Galaxy S4 smartphone and order cuts through supply chain for both Galaxy S4 and Galaxy S3, we are lowering our estimates for Wolfson. We lower our FY13/FY14 sales estimates by 7.2%10% to $212m$246m and underlying EPS estimates by 61%/29% to 2.85 cents/17.9 cents. We downgrade the stock from Overweight to Neutral. Due to substantially lower estimates, we lower our Dec ’13 PT to 200p (260p) based on ~18x our lower ‘14E EPS.
Wolfson is the most exposed company in our coverage to Samsung and in particular the Galaxy S3 and S4: Wolfson has substantial Samsung exposure and is the main supplier of the audio chips in both phones in the non Qualcomm version. Wolfson had 32% of its revenue from Samsung in 2012 and the percentage rose through the year to 36% in 4Q12 and 62% in 1Q13. With such a high exposure to Samsung, Wolfson will be unlikely in our view to escape the impact of the order cuts being implemented by Samsung. Our Asian analysts also believe that the cuts in the supply chain implemented by Samsung are a function of weak demand in the European and domestic markets and not the US market. The Qualcomm solution is the high volume runner in the US market and with Wolfson mainly exposed to the non US market, they will potentially bear the brunt of the cuts."

thx guys