Symmetricom 2013 revenue down slightly from 2012 levels

Symmetricom, Inc. (NASDAQ: SYMM) reported its net revenue for fiscal 2013 was USD211.0m, compared to USD237.7m for fiscal 2012.

Symmetricom reported a net loss of USD2.7m, or USD0.07 per share, in fiscal 2013, compared to net income of USD11.4m, or USD0.27 per share, in fiscal 2012. Non-GAAP net income for fiscal 2013 was USD7.7m, or USD0.19 per share, compared to USD16.8m, or USD0.39 per share, reported for the prior year.

Cash, cash equivalents and short-term investments totaled USD75.5m as of June 30, 2013 compared to USD69.7m reported as of March 31, 2013. Net cash provided by operating activities in the fourth quarter was USD7.8m, and property, plant and equipment purchases were approximately USD2.0m, resulting in free cash flow of USD5.8m. Free cash flow for fiscal 2013 was USD12.8m.

Symmetricom generates, distributes and applies precise time for the communications, aerospace/defense, IT infrastructure and metrology industries. For more information, visit: http://www.symmetricom.com or join the dialogue at http://www.twitter.com/symmetricom.

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