NEWS

Parade Technologies Reports Fourth Quarter 2012 Results

Posted January 31st, 2013

Financial Highlights:

  • 4Q12 consolidated revenue US$31.7 million, down 34.16% from previous quarter
  • 4Q12 consolidated net income US$7.6 million; Basic and Fully diluted after-tax EPS US$0.15 (NT$4.28) and US$0.14 (NT$4.09), respectively

Parade Technologies, Ltd. today announced consolidated revenue of US$31.7 million and consolidated net income of US$7.6 million for the fourth quarter ended December 31, 2012. It also announced that its basic and fully diluted after-tax earnings per share (“EPS”) were US$0.15 (NT$4.28) and US$0.14 (NT$4.09), respectively.

Quarter-over-quarter, in US dollars, fourth quarter consolidated revenue decreased 34.16% and consolidated net income decreased 43.64%. As compared to the same period of 2011, fourth quarter results represented an increase of 7.02% in consolidated revenue and 9.48% in consolidated net income.

The gross profit in the fourth quarter of 2012 was US$15.7 million, a decrease of 36.68% from the previous quarter, and an increase of 8.55% as compared to the same quarter of last year.

It also announced consolidated revenue of US$161.5 million and net income of US$43.4 million for the year ended December 31, 2012, basic and fully diluted after-tax earnings per share were US$0.84 (NT$24.99) and US$0.80 (NT$23.70), respectively.

As compared to the fiscal year 2011, the result of fiscal year 2012 represented a 103.72% increase in revenue. Gross margin for the year was US$83.0 million, operating margin was US$51.3 million.

Based on the current business outlook, management expects overall performance for the first quarter of 2013 to be as follows:

  •  Revenue: Approximately US$20~23 Million
  • Gross Margin: 45.5%~47.5%
  • Operating Expense: Approximately US$7~8 Million

The financial figures detailed above for the fourth quarter of 2012 and for the year end December 31, 2012 have not been audited or reviewed by independent accountants.

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 DisplayPort™, eDP™ (Embedded DisplayPort), HDMI™, MHL®, 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.