Exar Q2 net loss widens

American semiconductor company Exar Corporation has posted a net loss of $8.16 million, or $0.19 per diluted share, for the second quarter of fiscal 2010 ended September 27, 2009, compared to a net loss of $2.19 million, or $0.05 per diluted share, for the same quarter of fiscal 2009.

Total net sales for the second quarter of fiscal 2010 were $31.59 million compared to $32.75 million for the corresponding quarter of fiscal 2009.

The company has posted a net loss of $21.04 million, or $0.48 per diluted share, for the first six months ended September 27, 2009, compared to a net loss of $4.65 million, or $0.11 per diluted share for the same period of fiscal 2009.

Total net sales for the first half of fiscal 2010 were $62.45 million compared to $64.96 million in the same half of fiscal 2009.

Pete Rodriguez, the company's president and CEO, said: "We saw sequential double-digit percentage revenue improvement in all product lines, except in our communications portfolio where we experienced a significant reduction due to two products. As a result, our quarter-to-quarter revenue growth was limited to less than 5%."

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