A small gain in revenue as Vitesse shifts product strategy
The Camarillo-based firm recorded revenue of $108.5 million, slightly up from $103.8 million the year before.
Vitesse loss narrows as new product sales overtake legacy offerings
Vitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →
Vitesse plans $23.2M stock offering
Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
Vitesse makes play for Internet of things in turnaround tactic
Vitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.
Investors wager $37.5M on Vitesse turnaround
[wikichart align=”left” ticker=”VTSS” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The markets gave Camarillo-based Vitesse Semiconductor’s turnaround strategy a vote of confidence June 25 as the company sold out a stock offering that netted it $37.5 million. The company closed an offering of 18.7 million shares at a price of $2.15 each for a gross of Read More →
Vitesse to raise $16.1M in stock offering
Camarillo-based Vitesse Semiconductor plans to raise $16.1 million in a public offering of stock. The deal, announced Dec. 6, will offer 10 million shares at $1.75 each, netting $16.1 million after costs. It’s expected to close Dec. 12. Needham & Company is acting as the sole book-running manager of the offering, and Craig-Hallum Capital Group Read More →
Vitesse tees up stock offering
Camarillo-based Vitesse Semiconductor is planning a stock offering despite years of losses and a shareholder base that’s underwater in terms of book value. Vitesse said Dec. 6 that it plans an offering that will be underwritten by Needham & Company as the sole bookrunning manager of the offering and Craig-Hallum Capital Group as co-manager. The Read More →