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| Thursday, July 31, 2008 |
| OIIM - O2Micro Quarterly Result |
This is one of the stock that I mentioned before, just the day before, the quarterly financial result was released. Well, about one month ago, some financial firms gave some bad comments on this company stock, saying that it is not performing well.
However, I understand that this company keep growing all the time, since the IPO, only one quarter reported loss. Therefore, I, myself has bought the share a week ago. Although it is still out-of-money for my purchase, but I hope and, I believe one day later, very soon, it will give me a good returns.
Below are quoted from Yahoo! Finance:
Net sales for the second quarter of 2008 were $40.8 million, an increase of 8.6% from the preceding quarter, and up 6.8% from the second quarter of the prior year. The GAAP gross margin on net sales was 58.2% in the second quarter, which was similar to 58.5% in the preceding quarter, and up from 56.7% from the second quarter of the prior year.
The Company recorded a GAAP operating margin of 11.1% in the second quarter. Research and Development (R&D) expenditures were $9.5 million, or 23.2% of net sales including $288,000 of stock-based compensation. SG&A expenses were $9.7 million, or 23.9% of net sales, including $433,000 of stock-based compensation.
GAAP Net Income for the second quarter of 2008 was $4.4 million or 12 cents per American Depositary Share (ADS).
Financial results for the six months ending 6/30/2008:
Net sales for the six months ending June 30, 2008 were $78.3 million, an increase of 7.0% from the prior year. The GAAP gross margin on net sales was 58.3% in the first half of fiscal 2008, up from 55.7% in the first half of fiscal 2007.
The Company recorded a GAAP operating margin of 8.6% for the first half of fiscal 2008. This compares with a GAAP operating margin of 7.1% in the first six months of fiscal 2007. For the first six months of fiscal 2008, R&D expenditures were $19.2 million, or 24.5% of net sales, including $546,000 of stock-based compensation; SG&A expenses were $21.8 million for the same period, or 27.8% of net sales, including $848,000 of stock-based compensation.
GAAP Net Income for the first half of fiscals 2007 and 2008 was $5.8 million and $6.6 million, respectively. GAAP Net Income per fully diluted ADS rose from 15 cents in the first six months of fiscal 2007 to 17 cents in the comparable period of fiscal 2008. GAAP Net Income increased by 13% during the first half of fiscal 2008 when compared with the first half of 2007 and GAAP Net Income per fully diluted ADS increased by 15% for the same periodic comparison.
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posted by NOSNIM™ @ 7:38 AM  |
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