O2Micro International Limited released its financial results for their 2017 fourth quarter.
O2Micro International Limited (NASDAQ:OIIM) released its financial results for their 2017 fourth quarter.
As quoted in the press release:
Financial Highlights for the Fourth Quarter and Fiscal Year ending December 31, 2017:
O2Micro International Limited (“Company”) reported yearly revenue of $60.2 million, a 6.4% increase over 2016. Fourth quarter 2017 revenue was $15.2 million which was down 2% sequentially and down 4.3% from the same quarter in the previous year. The gross margin in the fourth quarter of 2017 was 50.5%, which was up from 50.3% in the prior quarter, and down from 54.1% in the fourth quarter of 2016. The gross margin remains in our target range and varies primarily with the quarterly revenue and product mix. During the fourth quarter of 2017, the Company recorded total GAAP operating expenses of $9.4 million, compared to $9.5 million in the third quarter of 2017, and $9.0 million in the year-ago Q4 period. The GAAP operating margins for the fourth quarter of 2017, the third quarter of 2017, and fourth quarter of 2016 were (11.5%), (11.1%), and (2.4%), respectively.
Q4 2017 GAAP net loss was $1.9 million. This compares to a GAAP net loss of $1.4 million in the third quarter of 2017 and a GAAP net income of $12,000 in Q4 2016. GAAP net loss per fully diluted ADS was $0.07 in Q4 2017. This compares to a GAAP net loss per fully diluted ADS of $0.05 in Q3 2017 and a GAAP net income per fully diluted ADS of $0.00 in Q4 2016.