Parade Technologies Reports Third Quarter 2022 Financial Results – Business Wire
Financial Highlights:
SAN JOSE, Calif.–(BUSINESS WIRE)–Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the third quarter fiscal year 2022 ended September 30, 2022, and provided guidance for the fourth quarter of fiscal year 2022.
Consolidated revenue was US$151.04 million and consolidated net income was US$32.64 million. Basic and fully diluted after-tax earnings per share (“EPS”) were US$0.41 (NT$12.38) and US$0.40 (NT$12.21), respectively. These results compared to consolidated revenue US$191.72 million and consolidated net income of US$53.34 million, or US$0.67 (NT$18.71) and US$0.66 (NT$18.34) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the third quarter of 2022 consolidated revenue decreased 30.30% sequentially and was down 21.22% year-over-year.
The gross profit in the third quarter of 2022 was US$68.37 million, representing a decrease of 33.20% from the previous quarter and a decrease of 27.37% compared to the same quarter of last year.
On September 14, 2022, Parade announced redriver additions to its portfolio of HDMI™ 2.1/2.0 interface and signal conditioning devices. The new PS8219 HDMI 2.1 redriver and PS8210 HDMI 2.0 redriver are pin compatible with the PS8419 HDMI 2.1 retimer currently in high-volume production. The PS8419/P8219/PS8210 pin compatibility provides OEMs with the ability to quickly switch between the retimer option for best performance and the redriver option for lowest power in less challenging signaling environments. This greatly lowers the risk to OEMs for a PCB redesign at a later time, due to compliance or production issues, offering improved time-to-market for end products.
On September 7, 2022, Parade announced the availability of the PS8570 PCI Express 4.0 16Gbps linear redriver for PC, server and datacenter applications. The PS8570 features a quad-channel unidirectional linear redriver with a 2×2 crossbar switch. The PS8570 is fully compliant with the PCI Express 4.0 specification. The PS8570 features the industry’s lowest operating power for a PCIe 4 linear redriver. OEMs can enable PCIe 4 16Gbps support for power-sensitive mobile devices. The 2×2 crossbar switch allows for flexible interconnect configurations for high performance systems.
Based on current business outlook, Parade is providing the following guidance for the fourth quarter of fiscal 2022:
The financial figures detailed above for the third quarter of 2022 have been reviewed by independent accountants.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange (“TPEx”) in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.
In addition to being a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is a member of VESA (Video Electronics Standard Association). Parade Technologies, Inc. has made key contributions to the development of VESA’s DisplayPort™ digital video interface standard.
Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.
Parade Technologies, Ltd. and Subsidiaries.
The reader is advised that these consolidated financial statements have been prepared originally in NT$ and conformed with the adoption of IFRSs. In the event of any differences between NT$ and US$ version, the NT$ version shall prevail.
2022
2022
2022
2021
2022
2021
2022
2022
2022
2021
2022
2021
151,044
216,699
151,044
191,718
578,466
520,079
4,591,744
6,383,951
4,591,744
5,341,284
16,873,838
14,588,526
82,671
114,340
82,671
97,582
306,959
273,460
2,513,211
3,368,457
2,513,211
2,718,646
8,959,119
7,672,505
68,373
102,359
68,373
94,136
271,507
246,619
2,078,533
3,015,494
2,078,533
2,622,638
7,914,719
6,916,021
21,090
21,483
21,090
19,875
63,799
56,466
641,148
632,873
641,148
553,710
1,868,145
1,584,348
7,285
7,907
7,285
8,496
23,406
23,698
221,477
232,925
221,477
236,709
684,313
664,749
5,327
6,549
5,327
6,322
18,325
17,206
161,917
192,942
161,917
176,126
535,367
482,619
33,702
35,939
33,702
34,693
105,530
97,370
1,024,542
1,058,740
1,024,542
966,545
3,087,825
2,731,716
34,671
66,420
34,671
59,443
165,977
149,249
1,053,991
1,956,754
1,053,991
1,656,093
4,826,894
4,184,305
1,185
566
1,185
(46
)
1,721
(580
)
36,031
16,662
36,031
(1,310
)
51,868
(16,404
)
35,856
66,986
35,856
59,397
167,698
148,669
1,090,022
1,973,416
1,090,022
1,654,783
4,878,762
4,167,901
3,216
6,049
3,216
6,060
14,934
13,828
97,771
178,193
97,771
168,809
434,653
387,242
32,640
60,937
32,640
53,337
152,764
134,841
992,251
1,795,223
992,251
1,485,974
4,444,109
3,780,659
$
0.41
$
0.76
$
0.41
$
0.67
$
1.92
$
1.71
$
12.38
$
22.51
$
12.38
$
18.71
$
55.74
$
47.85
80,182
79,766
80,182
79,424
79,731
79,004
80,182
79,766
80,182
79,424
79,731
79,004
$
0.40
$
0.75
$
0.40
$
0.66
$
1.88
$
1.67
$
12.21
$
22.18
$
12.21
$
18.34
$
54.69
$
46.74
81,272
80,951
81,272
81,021
81,257
80,895
81,272
80,951
81,272
81,021
81,257
80,895
2022
2021
2022
2021
294,933
308,491
9,364,118
8,591,470
53,497
62,250
1,698,539
1,733,665
134,277
64,104
4,263,286
1,785,302
22,471
15,366
713,475
427,938
505,178
450,211
16,039,418
12,538,375
17,033
17,814
540,799
496,115
6,188
9,236
196,468
257,237
104,853
112,376
3,329,058
3,129,677
10,686
7,832
339,269
218,126
152,838
73,747
4,852,598
2,053,842
291,598
221,005
9,258,192
6,154,997
796,776
671,216
25,297,610
18,693,372
34,659
33,820
1,100,435
941,895
36,724
37,403
1,165,986
1,041,667
33,537
26,318
1,064,782
732,965
2,865
3,527
90,960
98,228
21,004
7,047
666,878
196,229
128,789
108,115
4,089,041
3,010,984
3,323
5,709
105,508
159,009
3,323
5,709
105,508
159,009
26,742
26,636
811,962
808,705
137,941
142,192
4,186,139
4,276,273
538,566
421,199
15,941,317
12,653,796
(16,777
)
(27,680
)
769,771
(2,076,222
)
(21,808
)
(4,955
)
(606,128
)
(139,173
)
664,664
557,392
21,103,061
15,523,379
796,776
671,216
25,297,610
18,693,372
2022
2021
2022
2021
167,698
148,669
4,878,762
4,167,901
16,549
19,481
484,542
546,811
1
86
35
2,417
24,725
19,690
728,543
572,649
(819
)
(74
)
(24,720
)
(2,070
)
40,456
39,183
1,188,400
1,119,807
(3,114
)
(6,817
)
(98,886
)
(189,863
)
(58,498
)
(7,397
)
(1,857,313
)
(206,015
)
(34,338
)
(10,665
)
(993,127
)
(301,292
)
(95,950
)
(24,879
)
(2,949,326
)
(697,170
)
(6,187
)
(9,750
)
(196,425
)
(271,537
)
(12,816
)
3,258
(406,910
)
90,749
10,960
1,422
347,992
39,613
(8,043
)
(5,070
)
(255,343
)
(141,175
)
104,161
157,903
2,862,493
4,449,363
819
74
24,720
2,070
(1,313
)
(3,952
)
(38,444
)
(110,944
)
19
2
565
52
103,686
154,027
2,849,334
4,340,541
(5,042
)
(9,205
)
(147,620
)
(258,385
)
(61
)
(147
)
(1,797
)
(4,119
)
(72,066
)
(66,264
)
(2,288,095
)
(1,845,447
)
(8,777
)
(5,383
)
(256,987
)
(151,088
)
(85,946
)
(80,999
)
(2,694,499
)
(2,259,039
)
2,448
196
71,665
5,492
(2,651
)
(2,783
)
(77,636
)
(78,118
)
–
(10,038
)
–
(281,882
)
34,533
11,052
959,141
310,416
(93,720
)
(59,474
)
(2,622,127
)
(1,752,708
)
63
42
1,870
1,269
(59,327
)
(61,005
)
(1,667,087
)
(1,795,531
)
4,087
(2,678
)
1,674,627
(214,180
)
(37,500
)
9,345
162,375
71,791
332,433
299,146
9,201,743
8,519,679
294,933
308,491
9,364,118
8,591,470
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@paradetech.com
Parade Technologies Reports Third Quarter 2022 Financial Results
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@paradetech.com