02micro (OIIM) Misses Q1 EPS by 1c, Slight Beat on Revenues

02micro (NASDAQ: OIIM) reported Q1 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $14.95 million versus the consensus estimate of $14.7 million.

Operational and Strategic Highlights:

• Q1 2017 results were within the range of guidance provided in February 2017.
• GAAP Net Loss per ADS in the first quarter of 2017 was 6 cents, with non-GAAP Net Loss of 4 cents per ADS.
• Expected revenue is forecast in the second quarter of 2017 to be between a 4% decrease to a 4% increase compared to Q1 2017.
• Continued strong design activities in Q1 2017, which is expected to remain robust into Q2.

For earnings history and earnings-related data on 02micro (OIIM) click here.

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