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AnalogicTech Reports Financial Results for the Fourth Quarter and Fiscal Year 2010

SANTA CLARA, Calif. Feb. 3, 2011 December 31, 2010

http://photos.prnewswire.com/prnh/20050829/SFTU089LOGO

$24.0 million $20.8 million $25.0 million December 31, 2010 $94.1 million $86.5 million

$3.3 million $0.08 $4.0 million $0.09 $1.3 million $0.03 $3.4 million $12.8 million $0.30 $12.7 million $0.29

$1.8 million $0.04 $2.0 million $0.05 $2.4 million $0.06

$9.7 million $0.23 $5.4 million $0.13

Please refer to the tables below for a reconciliation between GAAP and non-GAAP financial measures.  

$87.4 million

Richard K. Williams

Business Outlook

The following statements are based upon management’s current expectations. These statements are forward-looking, and actual results may differ materially.  AnalogicTech undertakes no obligation to update these statements.

$21 million to $23 million $0.09 to $0.07 $1.1 million

Non-GAAP Reporting

In addition to GAAP reporting, AnalogicTech reports net loss, gross profit and net loss per diluted share on a non-GAAP basis. This non-GAAP earnings information excludes certain items and their tax-related effects. AnalogicTech believes this non-GAAP earnings information provides meaningful insight into the Company’s ongoing operational performance and has therefore chosen to provide this information to investors as an additional dimension of comparability to similar companies. AnalogicTech also uses this information internally to evaluate and manage company operations and to determine incentive compensation. A reconciliation between GAAP and non-GAAP net loss, gross profit and loss per diluted share is included in the tables below.

The non-GAAP information included in this press release is not necessarily comparable to non-GAAP information of other companies. Non-GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as measures of our profitability or liquidity. Users of this financial information should consider the types of events and transactions for which adjustments have been made.

Conference Call Details

5:30 p.m. Eastern Time Thursday, February 3, 2011 http://www.aati.com February 10, 2011 Canada

About Advanced Analogic Technologies, Inc.:

Santa Clara Shanghai Asia www.analogictech.com

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

Asia December 31, 2009

AnalogicTech and the AnalogicTech logo are trademarks of Advanced Analogic Technologies, Inc.  All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(in thousands)

Dec. 31,

Dec. 31,

2010

2009 (*)

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$   37,158

$   36,120

Short-term investments

50,245

65,883

Total cash, cash equivalents and short term investments

87,403

102,003

Accounts receivable, net of allowances

13,629

9,348

Inventories

11,390

7,234

Prepaid expenses and other current assets

1,803

4,291

Total current assets

114,225

122,876

Property and equipment, net

5,061

4,607

Other assets

3,182

3,110

Deferred income taxes

188

318

Intangible assets, net

50

117

Goodwill

16,116

16,116

TOTAL ASSETS

$ 138,822

$ 147,144

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

$     9,315

$     6,614

Accrued liabilities

4,481

3,726

Income tax payable

146

114

Total current liabilities

13,942

10,454

Long-term income tax payable

2,221

4,365

Other long-term liabilities

297

275

Total liabilities

16,460

15,094

Total stockholders’ equity

122,362

132,050

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$ 138,822

$ 147,144

* Amounts as of December 31, 2009 were derived from the December 31, 2009 audited consolidated financial

 statements included in our Form 10-K.

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months Ended

Three Months Ended

Years Ended

Dec. 31,

Dec. 31,

Sep. 30,

Dec. 31,

Dec. 31,

2010

2009

2010

2010

2009

NET REVENUE

$ 24,015

$ 20,845

$           24,982

$  94,061

$  86,512

Cost of revenue

13,725

10,923

14,111

51,760

44,686

GROSS PROFIT

10,290

9,922

10,871

42,301

41,826

OPERATING EXPENSES:

Research and development

6,709

7,149

8,679

30,326

27,468

Sales, general and administrative

6,237

6,085

6,546

25,053

24,132

Patent litigation

125

1,346

41

1,495

3,045

Total operating expenses

13,071

14,580

15,266

56,874

54,645

LOSS FROM OPERATIONS

(2,781)

(4,658)

(4,395)

(14,573)

(12,819)

INTEREST AND OTHER INCOME (EXPENSE), NET

(2)

106

(12)

70

915

LOSS BEFORE INCOME TAXES

(2,783)

(4,552)

(4,407)

(14,503)

(11,904)

PROVISION FOR (BENEFIT FROM) INCOME TAXES

561

(592)

(3,114)

(1,751)

769

NET LOSS

$ (3,344)

$ (3,960)

$           (1,293)

$ (12,752)

$ (12,673)

NET LOSS PER SHARE:

Basic

$   (0.08)

$   (0.09)

$             (0.03)

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