02micro (OIIM) Reports In-Line Q2 EPS, Miss on Revenues

02micro (NASDAQ: OIIM) reported Q2 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $14.51 million versus the consensus estimate of $15.1 million.

• Q2 2017 results were within the range of guidance provided in May 2017.
• GAAP Net Loss per ADS in the second quarter of 2017 was 6 cents, with non-GAAP Net Loss of 4 cents per ADS.
• Revenue in the third quarter of 2017 is expected to increase 2% to 8% compared to Q2 2017.
• Continued strong design activities in Q2 2017, which is expected to remain robust into Q3.

Management Commentary:

“Our third quarter revenue guidance reflects strong design activities in the growth drivers of the consumer and industrial markets which include high end backlighting for the TV, power tools, household appliances, and automotive, despite the current dynamic consumer market.” said Sterling Du, O2Micro’s Chairman and CEO. “We believe our solutions for these product segments will continue to contribute to our top-line growth in upcoming quarters and lead O2Micro back to long term profitability.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Reading (RDI) Tops Q2 EPS by 4c