| 2014.1Q Investor conference press release | 2014-05-15 | ||||||||||||||||||||||||||||||||||||||||||
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Solid State System Investor conference press release
Solid State System today (15) held the first quarter investor conference and announced consolidated revenue of NT$ 170.2 million, after-tax net loss of NT$ 18.7 million and earnings per share of NT$ (0.27) for the second quarter ended March 31, 2014.
Year-over-year, second quarter revenues increase 45%, after-tax loss and loss per share reduced significantly. Compared to the previous quarter, first quarter results represent an 11% decrease in revenue and 226% decrease in net income.
“In first quarter, the proportion of our NAND Flash controller IC shipments is around 90%; the proportion of new products, such as USB 3.0 controller IC and MEMS microphone IC, are less than 10%. Due to the strong demand, derived from various application of NAND Flash, from our major customers as well as our technical support of new Flash meet its request, the shipment of NAND Flash controller IC increased in the first quarter. In the second quarter, for the seasonal adjustment and the shortage of foundry capacity, comparing to the first quarter, the shipments of NAND Flash controller IC is excepted to decrease, but still higher than the same period in 2013. The shipment of new product, MEMS microphone, will be delayed due to the schedule of design-in and approval is longer than expectation. The shipment of MEMS microphone is expected to be fewer in the second quarter and account for the substantial proportion in the second half year of 2014.
Based on current business outlook, management expects overall performance for the second quarter 2014 to be as follows:”
• Consolidated revenue is expected to be slightly lower than the first quarter level; Consolidated results of first quarter 2014
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