Solid State System
Investor conference press release
Solid State System Co., Ltd today (8/15) held its investor conference for Q2, 2016. The total consolidated revenue for Q2, 2016 was about NTD $140 million with a net loss of about NTD $33 million after tax. In terms of earnings per share, a loss of NTD $0.42 per share was revealed.
The overall revenue generated for Q2, 2016 increased 19.96% compared to the same period last year with an decrease of net loss of 43.09% after tax. In terms of QoQ, total revenue decreased 12.16% with a increase of 57.59% in net loss after tax.
NAND flash related controllers still remained as the main source of revenue for Q2, 2016 which accounted for more than 80% of total sales. Revenue contribution on newly launched products, such as MEMS microphone, still remained quite low. After conquered the technical issues of patented packaging design, the production increased gradually. Increasing of new design-in customer projects, the shipment in Q4 is expected raise.
Based on our current business outlook, management expects overall performance for the third quarter of 2016 to be as follows:
• Consolidated 2016 Q3 revenue will be slightly higher than 2016 Q2;
• Consolidated 2016 Q3 gross profit margin will be higher than 2016 Q2;
• Consolidated 2016 Q3 operating profit will be slightly higher than 2016 Q2.
Consolidated results of third quarter 2016
Unit: NT$ thousand, except EPS
Item / 2016.2Q / 2016.1Q / 2015.2Q / QoQ(%) / YoY(%)Revenue / 143,790 / 163,690 / 119,863 / (12.16) / 19.96
Gross Profit / 42,166 / 53,882 / 34,353 / - / -
Operating Income / (34,933) / (21,870) / (58,194) / - / -
Income Before Tax / (33,602) / (21,322) / (59,045) / - / -
Net Income / (33,602) / (21,322) / (59,045) / (57.59) / 43.09
EPS(NT$) / (0.42) / (0.26) / (0.83) / - / -