Leadis Technology Reports First Quarter 2009 Results

                          LEADIS TECHNOLOGY, INC.
                  CONDENSED CONSOLIDATED BALANCE SHEETS
                                (Unaudited)
                              (In thousands)

                                                   March 31,   December 31,
                                                      2009         2008
                                                  -----------  -----------
ASSETS
Current assets:
  Cash and cash equivalents                       $    19,781  $    21,642
  Restricted cash                                           -        1,775
  Short-term investments                                5,316        7,726
  Accounts receivable, net                              1,830        1,936
  Inventory                                             1,123        2,673
  Prepaid expenses and other current assets             4,626        1,559
                                                  -----------  -----------
    Total current assets                               32,676       37,311
Property and equipment, net                               995        2,440
Goodwill and purchased intangible assets, net               -            -
Long term investments                                   1,020        1,620
Other assets                                            1,382        1,398
                                                  -----------  -----------
    Total assets                                  $    36,073  $    42,769
                                                  ===========  ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                $       828  $     2,257
  Taxes payable                                             -          323
  Deferred margin                                          89          697
  Other accrued liabilities                             1,644        4,479
                                                  -----------  -----------
    Total current liabilities                           2,561        7,756
Long-term tax liabilities                               1,681        1,659
Other noncurrent liabilities                              583          441
                                                  -----------  -----------
    Total liabilities                                   4,825        9,856

Stockholders' equity:
  Common stock and additional paid-in capital         111,236      110,140
  Accumulated deficit                                           (79,988)          (77,227)
                                                                                                    -----------    -----------
        Total  stockholders'  equity                                                  31,248              32,913
                                                                                                    -----------    -----------
        Total  liabilities  and  stockholders'  equity        $        36,073    $        42,769
                                                                                                    ===========    ===========




                                                    LEADIS  TECHNOLOGY,  INC.
                            CONDENSED  CONSOLIDATED  STATEMENTS  OF  OPERATIONS
                                                                (Unaudited)
                                  (In  thousands,  except  per  share  amounts)

                                                                                                Three  Months  Ended
                                                                                ----------------------------------
                                                                                March  31,    December  31,    March  31,
                                                                                    2009                  2008                2008
                                                                                ---------    ------------    ---------
Revenue                                                                  $      2,022    $            2,317    $      5,607
Cost  of  sales                                                              1,762                  5,903            5,609
                                                                                ---------    ------------    ---------
    Gross  profit  (loss)                                                  260                (3,586)                (2)

Research  and  development  expenses                      2,290                  5,379            5,333
Selling,  general  and  administrative
  expenses                                                                      2,651                  4,262            4,699
Amortization  of  purchased  intangible
  assets                                                                                  -                        27                848
Impairment  of  goodwill  and  intangible
  assets                                                                                  -                        53                    -
                                                                                ---------    ------------    ---------
    Total  operating  expenses                                    4,941                  9,721          10,880
Net  gain  on  sales  of  assets  and
  technology                                                                (1,691)                        -                    -
                                                                                ---------    ------------    ---------
    Operating  loss                                                      (2,990)            (13,307)      (10,882)
Interest  and  other  income  (expense),  net            264                    (840)              798
                                                                                ---------    ------------    ---------
    Loss  before  benefit  from  income  taxes        (2,726)            (14,147)      (10,084)
Provision  for  (benefit  from)  income
  taxes                                                                                  35                        75                (10)
                                                                                ---------    ------------    ---------
    Net  loss                                                            $    (2,761)  $        (14,222)  $  (10,074)
                                                                                =========    ============    =========

                                                                                ---------    ------------    ---------
Basic  and  diluted  net  loss  per  share        $      (0.09)  $            (0.48)  $      (0.35)
                                                                                =========    ============    =========

Shares  used  in  computing  basic  and
  diluted  per  share  amounts                                  29,528                29,423          29,015
                                                                                =========    ============    =========




                                                    LEADIS  TECHNOLOGY,  INC.
                  SUPPLEMENTAL  RECONCILIATIONS  OF  GAAP  TO  NON-GAAP  RESULTS
                                                                (Unaudited)
                                  (In  thousands,  except  per  share  amounts)

                                                                                              Three  Months  Ended
                                                                            ------------------------------------
                                                                            March  31,      December  31,    March  31,
                                                                                  2009                  2008                  2008
                                                                            ----------    ------------    ----------

A.  GAAP  net  loss                                            $      (2,761)  $        (14,222)  $    (10,074)
        Adjustment  for  stock-based
          compensation  within:
            Cost  of  sales                                                      20                        48                    19
            Research  and  development
              expenses                                                            176                      281                  133
            Selling,  general  and
              administrative  expenses                              233                      678                  572
            Benefit  from  (provision  for)
              income  taxes                                                        -                          -                (218)
        Adjustment  for  acquisition  of
          business  within:
            Research  and  development
              expenses                                                                -                      302                  198
            Selling,  general  and
              administrative  expenses                                  -                      404                  254
            Amortization  of  purchased
              intangible  assets                                              -                        27                  848
        Adjustment  for  restructuring
          charges  within:
            Cost  of  sales                                                        -                        53                      -
            Research  and  development
              expenses                                                            215                      603                      -
            Selling,  general  and
              administrative  expenses                                62                      144                      -
            Amortization  of  purchased
              intangible  assets                                              -                        53                      -
        Adjustment  for  net  gain  on  sales
          of  assets  and  technology                          (1,691)                        -                      -
                                                                            ----------    ------------    ----------
    Non-GAAP  net  loss                                      $      (3,746)  $        (11,629)  $      (8,268)

B.  GAAP  basic  and  diluted  net  loss
  per  share                                                        $        (0.09)  $            (0.48)  $        (0.35)
        Adjustment  for  stock-based
          compensation                                                      0.01                    0.03                0.02
        Adjustment  for  acquisition  of
          business                                                                    -                    0.02                0.04
        Adjustment  for  restructuring
          charges                                                                0.01                    0.03                      -
        Adjustment  for  net  gain  on  sales
          of  assets  and  technology                            (0.06)                        -                      -
                                                                            ----------    ------------    ----------
    Non-GAAP  basic  and  diluted  net  loss
      per  share                                                    $        (0.13)  $            (0.40)  $        (0.29)

C.  GAAP  Gross  Margin                                                12.9%              -154.8%                0.0%
        Adjustment  for  stock-based
          compensation                                                        0.9%                    2.1%                0.3%
                                                                            ----------    ------------    ----------
    Non-GAAP  gross  margin                                          13.8%              -152.7%                0.3%

D.  GAAP  operating  expenses                        $        4,941    $            9,721    $      10,880
        Adjustment  for  stock-based
          compensation  within:
            Research  and  development
              expenses                                                          (176)                  (281)              (133)
            Selling,  general  and
              administrative  expenses                            (233)                  (678)              (572)
        Adjustment  for  acquisition  of
          business  within:
            Research  and  development
              expenses                                                                -                    (302)              (198)
            Selling,  general  and
              administrative  expenses                                  -                    (404)              (254)
            Amortization  of  purchased
              intangible  assets                                              -                      (27)              (848)
            In-process  research  and
              development                                                          -                          -                      -
        Adjustment  for  restructuring
          charges  within:
            Cost  of  sales                                                        -                      (53)                    -
            Research  and  development
              expenses                                                          (215)                  (603)                    -
            Selling,  general  and
              administrative  expenses                              (62)                  (144)                    -
            Amortization  of  purchased
              intangible  assets                                              -                      (53)                    -
                                                                            ----------    ------------    ----------
    Non-GAAP  operating  expenses                  $        4,255    $            7,176    $        8,875
 

IR Contacts
John Allen
Chief Financial Officer
Eric Itakura
Director Business Development & Investor Relations
(408) 331-8616




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