Lattice Semiconductor Files 10-Q for Third Quarter 2013 and Amends Financial Results

HILLSBORO, OR -- (Marketwired) -- Nov 05, 2013 -- Lattice Semiconductor Corporation (NASDAQ: LSCC) today filed its Form 10-Q for the third quarter ended September 28, 2013 with the U.S. Securities and Exchange Commission. In connection with this filing, Lattice has amended its third quarter results, which were originally reported on October 24, 2013. The tables below detail the amendments, including gross margin and net income (loss) per share increasing to 53.2% and $0.08 per basic and diluted share, respectively, for the three months ended September 28, 2013, compared to 52.4% and $0.07 per basic and diluted share, respectively, as originally reported on October 24, 2013.

As reported on October 24, 2013:

----------------------------------------------------------------------------
                                               Three Months    Nine Months  
                                                  Ended           Ended     
                                              September 28,   September 28, 
                                                   2013            2013     
----------------------------------------------------------------------------
Cost of Products Sold                        $       41,463  $      114,050 
----------------------------------------------------------------------------
Gross Margin %                                         52.4%           53.1%
----------------------------------------------------------------------------
Income (loss) from operations                $        8,230  $       17,886 
----------------------------------------------------------------------------
Income (loss) before income taxes            $        8,576  $       18,126 
----------------------------------------------------------------------------
Net Income (loss)                            $        8,159  $       15,059 
----------------------------------------------------------------------------
Net Income (loss) per share:                                                
----------------------------------------------------------------------------
Basic                                        $         0.07  $         0.13 
----------------------------------------------------------------------------
Diluted                                      $         0.07  $         0.13 
----------------------------------------------------------------------------

As Amended:

----------------------------------------------------------------------------
                                               Three Months    Nine Months  
                                                  Ended           Ended     
                                              September 28,   September 28, 
                                                   2013            2013     
----------------------------------------------------------------------------
Cost of Products Sold                        $       40,778  $      113,365 
----------------------------------------------------------------------------
Gross Margin %                                         53.2%           53.3%
----------------------------------------------------------------------------
Income (loss) from operations                $        8,915  $       18,571 
----------------------------------------------------------------------------
Income (loss) before income taxes            $        9,216  $       18,811 
----------------------------------------------------------------------------
Net Income (loss)                            $        8,844  $       15,744 
----------------------------------------------------------------------------
Net Income (loss) per share:                                                
----------------------------------------------------------------------------
Basic                                        $         0.08  $         0.14 
----------------------------------------------------------------------------
Diluted                                      $         0.08  $         0.13 
----------------------------------------------------------------------------

About Lattice Semiconductor:

Lattice Semiconductor (NASDAQ: LSCC) is the World's leading provider of ultra-low-power programmable IC solutions for makers of smartphones, mobile handheld devices, small-cell networking equipment, industrial control, automotive infotainment, and much more. With more than 1 billion units sold over the past 10 years, Lattice ships more FPGAs, CPLDs and Power Management solutions than any other programmable solutions vendor. For more information, visit www.latticesemi.com. You can also follow us via Twitter , Facebook , or RSS .

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