02micro (OIIM) Tops Q1 EPS by 2c

02micro (NASDAQ: OIIM) reported Q1 EPS of ($0.08), $0.02 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $13 million versus the consensus estimate of $13.15 million.

• Lower operating expense levels reflect cash breakeven level estimate of $16.5-$17.5 million and new profitability breakeven level estimate of $18.5-$19.5 million on a quarterly basis
• Expects revenue to be up flat to up 8 percent sequentially in the second quarter of fiscal year 2016.

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

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