02micro (OIIM) Tops Q1 EPS by 2c
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O2Micro Reports First Quarter 2016 Financial Results
May 4, 2016 8:30 AM EDTGEORGE TOWN, Grand Cayman, May 04, 2016 (GLOBE NEWSWIRE) --
Operational and Strategic Highlights:
O2Micro reports non-GAAP net loss per fully diluted ADS of $0.08 and GAAP net loss per fully diluted ADS of $0.09.O2Micro continues to lower operating expenses. Company lowers first quarter 2016 operating expenses by fifteen percent on a year-over-year basisRevenue from battery management products now anticipated to reach 20-25% of projected 2016 revenue, expected to become second largest product line in 2016.Lower operating expense levels reflect cash breakeven level estimate of $16.5-$17.5 million and new profitability breakeven... More