Parade Technologies Reports Second Quarter 2025 Financial Results
Financial Highlights:
Q225 consolidated revenue US$133.50 million, compared with US$120.87 million in the year-ago quarter
Q225 consolidated net income US$22.79 million; Basic and Fully diluted after-tax EPS US$0.29 (NT$8.95) and US$0.29 (NT$8.92), respectively
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 second quarter fiscal year 2025 ended June 30, 2025, and provided guidance for the third quarter of fiscal year 2025.
Consolidated revenue was US$133.50 million and consolidated net income was US$22.79 million. Basic and fully diluted after-tax earnings per share ('EPS') were US$0.29 (NT$8.95) and US$0.29 (NT$8.92), respectively. These results compared to consolidated revenue US$120.87 million and consolidated net income of US$17.58 million, or US$0.22 (NT$7.11) and US$0.22 (NT$7.09) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the second quarter of 2025 consolidated revenue increased 5.76% sequentially and was up 10.45% year-over-year.
The gross profit in the second quarter of 2025 was US$57.55 million, representing an increase of 7.12% from the previous quarter and an increase of 12.22% compared to the same quarter of last year.
Parade completed the acquisition of assets from Spectra7 Microsystems Inc. on April 23, 2025. Parade anticipates that the technology it has purchased will provide valuable support for Parade's efforts to expand into high-growth markets such as data centers, AI-powered computing, and next-generation consumer electronics.
Based on current business outlook, Parade is providing the following guidance for the third quarter of fiscal 2025:
Revenue: US$140 ~154 Million
Gross Margin: 42% ~46%
Operating Expense: US$32.0 ~35.0 Million
The financial figures detailed above for the second quarter of 2025 have been audited 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.
CONSOLIDATED BALANCE SHEETS
As of June 30, 2025 and 2024 USD in Thousands NTD in Thousands
Jun 30,
Jun 30,
Jun 30,
Jun 30,
2025
2024
2025
2024
Current assets
Cash & cash equivalents
315,167
319,028
9,234,406
10,352,451
Accounts receivable, net
52,582
47,161
1,540,649
1,530,363
Inventories, net
108,674
112,755
3,184,149
3,658,908
Other current assets
25,009
28,775
732,764
933,755
Total current assets
501,432
507,719
14,691,968
16,475,477
Non-current assets
Property, plant and equipment, net
10,221
11,395
299,485
369,767
Right-of-use assets
8,170
8,620
239,371
279,707
Intangible assets
108,776
99,671
3,187,140
3,234,327
Deferred income tax assets
12,027
12,738
352,398
413,344
Other non-current assets
149,821
157,667
4,389,734
5,116,310
Total non-current assets
289,015
290,091
8,468,128
9,413,455
Total Assets
790,447
797,810
23,160,096
25,888,932
Current Liabilities
Accounts payable
36,919
43,369
1,081,732
1,407,324
Other payables
49,818
44,942
1,526,689
1,444,199
Current income tax liabilities
12,062
10,777
353,426
349,705
Lease liabilities - current
3,479
3,462
101,925
112,337
Other current liabilities
7,572
7,533
221,850
244,444
Total current liabilities
109,850
110,083
3,285,622
3,558,009
Non-current Liabilities
Lease liabilities - non-current
4,691
5,158
137,446
167,370
Total non-current liabilities
4,691
5,158
137,446
167,370
Equity
Ordinary shares
26,388
26,730
800,581
811,618
Capital reserves
107,790
135,817
3,269,450
4,172,562
Retained earnings
591,164
542,866
17,641,219
16,118,452
Other equity
(2,908
)
(4,577
)
(459,732
)
1,646,438
Treasury shares
(46,528
)
(18,267
)
(1,514,490
)
(585,517
)
Total equity
675,906
682,569
19,737,028
22,163,553
Total liabilities and equity
790,447
797,810
23,160,096
25,888,932
Expand
CONSOLIDATED STATEMENTS OF CASH FLOWS
For six months ended Jun 30, 2025 and 2024 USD in Thousands NTD in Thousands
Jun 30,
Jun 30,
Jun 30,
Jun 30,
2025
2024
2025
2024
Cash flows from operating activities
Income before income tax for the period
47,354
37,805
1,505,264
1,205,784
Depreciation and amortization (including the right-of-use assets)
12,934
10,794
412,054
344,331
Loss on disposal of equipment
-
22
-
694
Loss on disposal of intangible assets
-
356
-
11,368
Share-based compensation cost
9,862
16,578
313,672
521,011
Interest income
(4,157
)
(5,345
)
(132,394
)
(170,692
)
Income and expenses having no effect on cash flows
18,639
22,405
593,332
706,712
Accounts receivable
(4,871
)
6,943
(142,707
)
225,288
Inventories
12,786
10,129
374,625
328,704
Other current assets
(20,733
)
(23,918
)
(638,602
)
(733,466
)
Net changes in assets relating to operating activities
(12,818
)
(6,846
)
(406,684
)
(179,474
)
Accounts payable
(3,369
)
(7,658
)
(98,702
)
(248,510
)
Other payables
(5,293
)
(6,782
)
(155,094
)
(220,091
)
Other current liabilities
1,672
452
48,991
14,654
Net changes in liabilities relating to operating activities
(6,990
)
(13,988
)
(204,805
)
(453,947
)
Cash inflow generated from operations
46,185
39,376
1,487,107
1,279,075
Interest received
4,157
5,345
132,394
170,692
Income taxes paid
(3,376
)
(2,438
)
(107,551
)
(77,764
)
Net cash provided by operating activities
46,966
42,283
1,511,950
1,372,003
Cash flows from investing activities
Acquisition of equipment
(2,236
)
(2,040
)
(71,240
)
(65,092
)
Acquisition of intangible assets
(134
)
(90
)
(4,259
)
(2,862
)
Decrease in refundable deposits
3,293
1,887
96,488
61,222
Increase in other prepayments
(5,041
)
(10,939
)
(160,606
)
(348,949
)
Acquisition of business combinations
(9,000
)
-
(292,410
)
-
Net cash flows used in investing activities
(13,118
)
(11,182
)
(432,027
)
(355,681
)
Cash flows from financing activities
Repayment of the principal portion of lease liabilities
(2,099
)
(1,983
)
(66,886
)
(63,262
)
Purchase of treasury shares
(45,790
)
-
(1,497,643
)
-
Treasury shares reissued to employees
23,567
26,394
757,680
807,932
Distribution of cash dividends
(17,896
)
(12,800
)
(570,088
)
(390,871
)
Cash dividend regain from canceled share-based compensation
12
21
357
663
Net cash flows (used in) from financing activities
(42,206
)
11,632
(1,376,580
)
354,462
Effect of exchange rate changes
2,332
(84
)
(1,000,839
)
494,066
Net (decrease) increase in cash and cash equivalents
(6,026
)
42,649
(1,297,496
)
1,864,850
Cash and cash equivalents at beginning of period
321,193
276,379
10,531,902
8,487,601
Expand
Contacts
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@paradetech.com
Industry:
Audio/Video
Hardware
Artificial Intelligence
Data Management
Consumer Electronics
Technology
Semiconductor
Mobile/Wireless
More News From Parade Technologies, Ltd.
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Parade Technologies Acquires Spectra7 Majority Assets to Enhance High-Speed Data Transmission Capabilities and Boost Connectivity Market Opportunities
SAN JOSE, Calif.--(BUSINESS WIRE)--Parade Technologies Reports Fourth Quarter and Fiscal 2024 Financial Results...
Parade Technologies, Ltd.
TW:4966
Release Summary
Parade Technologies Reports Second Quarter 2025 Financial Results
Release Versions
English
Contacts
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@paradetech.com
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'The CEO of INTEL is highly conflicted and must resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!' wrote Trump on social media. On Wednesday, Reuters reported that US Republican Sen. Tom Cotton sent a letter to the company's board raising questions about Tan's ties to Chinese firms and a recent criminal case involving his former company, Cadence Design (CDNS.O). Intel stock was down as much as 3% in premarket trading. Eli Lilly stock falls despite earnings beat as oral GLP-1 pill results disappoint Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Eli Lilly (LLY) stock fell 7% in premarket trading. Although the company's second quarter earnings topped expectations, the results of a late-stage trial of its highly anticipated oral GLP-1 pill disappointed. For the quarter, Eli Lilly reported $15.56 billion in revenue, beating Wall Street estimates of $14.69 billion. Earnings per share came in at $6.31, compared to Street expectations of $5.56. Much of the $10.81 billion in US revenue was driven by strong sales of weight-loss drugs, Mounjaro and Zepbound, which increased 46% in volume, though prices fell 8%. Yahoo Finance's Anjalee Khemlani reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Economic data: Initial jobless claims (week ending Aug. 2); Nonfarm productivity (second quarter preliminary); Unit labor costs (second quarter preliminary) Earnings: Block (XYZ), Celsius (CELH), ConocoPhillips (COP), Eli Lilly (LLY), Sony (SONY), SoundHound (SOUN), Pinterest (PINS), Take-Two Interactive (TTWO), Twilio (TWLO), The Trade Desk (TTD), Vistra Energy (VST) Here are some of the biggest stories you may have missed overnight and early this morning: Investors are 'agitated' by less than perfect earnings Shopify's strong quarter shows consumers are ignoring tariffs Eli Lilly stock falls on GLP-1 pill trial results Trump's tariffs hit dozens of countries as trade deadline expires Trump to sign order easing path for private assets in 401(k)s Apple leads surge in global tech shares after Trump tariff relief Trump boasts billions of dollars flowing into US from tariffs Warner Bros revenue surges on streaming expansion, box-office hits Trump floats possible tariffs on China for buying Russia oil\ TSMC shares surge as Taiwan says firm exempt from Trump tariffs Keep an eye on Firefly IPO Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! Not too far removed from Figma's (FIG) huge IPO, Firefly will come to market at the Nasdaq later on today. The IPO was upsized, and it's likely it will come out of the block strong when it opens. I am not in love with the company's financials, but it has a host of key deals in place and its technology has proven to work (see trips to moon). And it has a SpaceX ( like story to tell at a hot time for markets. Perfectly timed debut. I am live with Firefly CEO Jason Kim around 11am ET today from the Nasdaq. Tune into Yahoo Finance! SoftBank swings to profit on vision fund gains ahead of AI push Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Softbank's (SFTBF, 9984.T, SFTBY) Tokyo shares closed 1% up on Thursday after reporting a bigger profit than expected in the June quarter. Bloomberg News reports: Read more here. Apple gains after announcing $100B US investment Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Apple stock rose 3% before the bell on Thursday. Yahoo Finance's technology editor Daniel Howley and Washington correspondent Ben Werschkul outline the latest developments from the Apple investment announcement on Wednesday. Read more here. Sony stock rises as in-demand games and music help allay Trump tariff fears Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. TSMC hits record; Taiwan says tech giant exempt from US tariffs Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Taiwan Semiconductor Manufacturing Co. (TSM) shares rose 5% in premarket trading on Thursday after announcing it will not have to pay 100% tariff on sales to the US. Bloomberg News: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
25 minutes ago
- Business Wire
Spirit Electronics Adds Vicor Modular Power Solutions for Satellite and Space Applications
PHOENIX--(BUSINESS WIRE)--Spirit Electronics is proud to announce the addition of Vicor Corporation to its curated portfolio of products and services developed especially to support the space industry. Spirit will be a channel partner for the Vicor Factorized Power Architecture (FPA™) line of radiation tolerant DC-DC converters that solve critical power delivery problems in satellites and other space applications. 'Vicor is delivering a game-changing power solution with high reliability, a compact form factor and proven space heritage – a huge win for advanced satellite deployments.' Spirit is now offering evaluation boards for Vicor radiation-tolerant power modules that enable the ideal power delivery network (PDN) for today's LEO and MEO satellites, providing high-efficiency, high-density, low-noise voltage conversion to power advanced network communication ASICs, FPGAs and processors. The growing trend toward leveraging AI and machine learning on orbit requires higher-performance processors with challenging power delivery requirements. Traditional intermediate bus architectures comprising an isolated DC-DC conversion stage, followed by a multi-phase buck array, cannot achieve the power density and low noise required for advanced processors. The patented Vicor FPA solution, which has achieved flight heritage, uses three power-dense modules to minimize I 2 R power distribution board losses, maximize efficiency and improve transient response. 'Spirit is continuously seeking innovative products that give our customers a competitive edge in the space race,' comments Spirit CEO Marti McCurdy. 'Vicor is delivering a game-changing power solution with high reliability, a compact form factor and proven space heritage – a huge win for advanced satellite deployments.' Vicor's rad-tolerant modular approach to power delivery provides protection from radiation while still providing the highest power density in the industry, in addition to being ultra-flexible and scalable in their architecture and implementation. These features are especially important in applications such as on-board satellite processing, earth observation, disaster management, space debris retrieval and defense operations. Along with its premier product catalog as an authorized distributor, Spirit's full turnkey engineering and value-added services offer an invaluable advantage in the rapidly evolving space industry, with support at each step of the IC supply chain from foundry to chip packaging, testing for reliability, environmental and radiation, board and box build assembly. About Vicor Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high-performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, aerospace and defense. About Spirit Electronics: Spirit Electronics is an end-to-end supply chain services company headquartered in Phoenix, AZ. Spirit offers MIL-STD-883 testing, circuit card assembly, device analysis, ASIC programs, foundry services and franchised distribution of high-reliability electronic components. Spirit's supply chain solutions have changed the definition of distribution by providing full-turnkey domestic OSAT (outsourced semiconductor assembly and test) services to deliver products to aerospace and defense customers fully qualified and ready for use. Spirit is a veteran-owned, woman-owned small business (VOWOSB) founded in 1979. For more information, visit
