Parade Reports Fourth Quarter 2011 Results

Posted February 7th, 2012

Financial Highlights:

  • 4Q11 consolidated revenue NT$896 million, up 73.93% from previous quarter
  • 4Q11 consolidated net income NT$210 million; Fully diluted EPS NT$3.89

Parade Technologies, Ltd. today announced consolidated revenue of NT$896 million (US$29.6 million) and net income of NT$210 million (US$6.9 million) for the fourth quarter ended December 31, 2011. It also announced that its fully diluted after-tax earnings per share (“EPS”) was NT$3.89.

Quarter-over-quarter, in NT dollars, fourth quarter revenue increased 73.93% and net income increased 174.94%. Compared to the same period of 2010, fourth quarter results represented a 105.73% increase in revenue and a 205.95% increase in net income.

The fourth quarter gross profit was NT$438 million, or 78.32% and 134.41% higher than the previous quarter and the same period of last year.

It also announced consolidated revenue of NT$2,330 million (US$79.3 million) and net income of NT$454 million (US$15.4 million), fully diluted after-tax earnings per share of NT$9.43 for the year ended December 31, 2011.

Compared to the year ended December 31, 2010, the 2011 full year results represented a 46.29% increase in revenue. Gross margin for the year was NT$1,118 million, operating margin was NT$541 million.

Figures for fourth quarter of 2011 have not been audited or reviewed.

About Parade Technologies, Ltd.

Parade Technologies, Ltd. (GTSM: 4966) is a leading fabless supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.

Parade leverages its close relationships with market-leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.