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O2Micro International Shares Are Trading Lower On Borderline Q1 Earnings Miss

O2Micro International Shares Are Trading Lower On Borderline Q1 Earnings Miss
  • O2Micro International Ltd (NASDAQ: OIIMreported first-quarter FY21 revenue growth of 49.1% year-on-year to $23.2 million, marginally missing analyst consensus of $23.3 million.
  • The GAAP gross margin contracted 30 basis points to 51.6%. GAAP operating margin of 10.2% improved from a negative margin of 3.7% in the year-ago period.
  • The company reported a GAAP net income of $2.5 million after a net loss of $1.5 million in the year-ago period. GAAP EPS of $0.08 marginally miss the analyst consensus of $0.09.
  • O2Micro held $47.6 million in cash and equivalents.
  • Advanced rising demand for its backlighting products in monitors, televisions, notebooks, and tablets as they sustained their upward trend through Q1, Chair and CEO Sterling Du said.
  • Additionally, the strong revenue from its battery group extended across all sectors as its proprietary mixed-signal designs enriched cordless devices for a wide range of uses within the home and commercial markets, Du added.  
  • Guidance: O2Micro expects Q2 revenue between the range of $23.2 million and $25.1 million, versus the analyst consensus of $23.57 million.
  • Price action: OIIM shares traded lower by 4.36% at $7.02 in the premarket session on the last check Friday.

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