- Q319 consolidated revenue US$101.45 million, compared with US$85.58 million in the year-ago quarter
- Q319 consolidated net income US$21.87 million; Basic and Fully diluted after-tax EPS US$0.28 (NT$8.86) and US$0.28 (NT$8.67), respectively
Parade Technologies, Ltd. today announced its financial results for the third quarter fiscal year 2019 ended September 30, 2019, and provided guidance for the fourth quarter of fiscal year 2019.
Consolidated revenue was US$101.45 million and consolidated net income was US$21.87 million. Basic and fully diluted after-tax earnings per share (“EPS”) were US$0.28 (NT$8.86) and US$0.28 (NT$8.67), respectively. These results compared to consolidated revenue US$85.58 million and consolidated net income of US$16.48 million, or US$0.21 (NT$6.57) and US$0.21 (NT$6.33) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the third quarter of 2019 consolidated revenue increased 11.85% sequentially and was up 18.54% year-over-year.
The gross profit in the third quarter of 2019 was US$43.56 million, representing an increase of 14.34% from the previous quarter and an increase of 21.41% compared to the same quarter of last year.
On August 29, 2019, Parade announced the PS8822, a USB Type-C 10 Gbps retimer that supports both USB 3.2 Gen 2 single lane operation and DisplayPort 1.4a Alternate Mode. The PS8822 is designed for the USB Type-C upstream facing port of peripheral devices such as docking stations, monitors, and TVs.
On September 10, 2019, Parade announced the PS8769, a linear redriver designed to restore and improve the signal integrity of the high-speed signals passing through the USB Type-C connector. The device is specifically designed to support up to the 10 Gbps data rate of USB 3.2 Gen 2 superspeed data channels, as well as up to the 8.1 Gbps HBR3 link rate for DisplayPort Alt Mode. The PS8769 is designed to accommodate all USB 3.2 and DisplayPort Alt mode configurations supported by the USB Type-C connector.
On October 15, 2019, Parade announced another addition to its portfolio of high-speed data interface retimer products. The new PS8419 is the first available retimer chip designed for HDMI 2.1 interface applications. It removes clock and data jitter, as well as data line skew, that can be imposed on the high-speed HDMI 2.1 signal as it propagates across the HDMI interconnect cable and connectors, and system PCB circuit traces. Applications for the PS8419 include at the output of an HDMI 2.1 source device to provide a clean output signal at the HDMI receptacle, or at the input of an HDMI 2.1 display or A/V receiver to ensure error-free signal reception capability.
On October 21, 2019, Parade introduces two new products to its portfolio of high-speed data retimer products. The new PS8925 and PS8926 are retimer chips developed for PCI Express Rev. 4.0, supporting four and sixteen bidirectional lanes, respectively. In addition to supporting the 16 Gbps data rate offered by the newest PCI Express 4.0 specification, they also support 2.5 Gbps, 5 Gbps, and 8 Gbps for backward compatibility with earlier PCI Express revisions.
The PS8925 and PS8926 are among the first PCI Express 4.0 retimer chips available. They are in full compliance with the PCI Express 4.0 specification and have been successfully tested in multiple OEM PCI Express 4.0 platforms. Both the PS8925 and PS8926 are designed for use in enterprise systems including servers and data storage, and in high-performance workstations. Such retimers are needed in very-high-speed data channels to maintain signal integrity across longer PCB traces, connector, and cables.
Based on current business outlook, Parade is providing the following guidance for the fourth quarter of fiscal 2019:
- Revenue: US$88 ~97 Million
- Gross Margin: 41% ~44%
- Operating Expense: US$21.5 ~22.5 Million
The financial figures detailed above for the third quarter of 2019 have been reviewed by independent accountants.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange (“TPEx”) in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.
In addition to being a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is a member of VESA (Video Electronics Standard Association). Parade Technologies, Inc. has made key contributions to the development of VESA’s DisplayPort™ digital video interface standard.
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.