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Business Wire
4 days ago
- Business
- Business Wire
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: 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@ Industry: Audio/Video Hardware Artificial Intelligence Data Management Consumer Electronics Technology Semiconductor Mobile/Wireless More News From Parade Technologies, Ltd. Get RSS Feed 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@
Associated Press
10-03-2025
- Business
- Associated Press
Parade Technologies Acquires Spectra7 Majority Assets to Enhance High-Speed Data Transmission Capabilities and Boost Connectivity Market Opportunities
Parade Technologies, Ltd. (TPEx: a leading supplier of video display, touch controller, and high-speed interface ICs, and Spectra7 Microsystems Inc. (TSXV: SEV) (OTCQB: SPVNF), a Canadian analog semiconductor company, today announced that they have entered into a definitive agreement under which Parade will acquire the majority of Spectra7's assets. These assets include intellectual property (IP), products, designs, inventory, and other specified items. With the purchase of the majority of Spectra7's assets, Parade Technologies is positioned to further strengthen its global leadership in high-speed connectivity solutions. The purchase will enable Parade to both continue marketing Spectra7's existing advanced active cable product portfolio and to leverage Spectra7's technology in new high speed solutions. Parade anticipates that Spectra7's cutting-edge SiGe-technology, achieving data speeds of 112 Gbps and higher, 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. In addition, as part of the acquisition, a significant number of Spectra7's employees will join Parade Technologies, ensuring continuity of technical expertise and customer support. This strategic purchase will further empower Parade's ongoing efforts to deliver faster, more energy-efficient signal integrity connectivity solutions that meet the evolving demands of today's data-driven world. The transaction, which is subject to customary closing conditions, is expected to close in the second quarter of 2025. 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. ( ABOUT SPECTRA7 MICROSYSTEMS INC. Spectra7 Microsystems Inc. is a leader in high-performance analog semiconductors for powering the AI revolution in broadband connectivity markets, hyperscale data centers, and Spatial Computing. Spectra7 is based in San Jose, California with a design center in Cork, Ireland and a technical support location in Dongguan, China. ( INDUSTRY KEYWORD: SEMICONDUCTOR HARDWARE DATA MANAGEMENT AUDIO/VIDEO TECHNOLOGY SOURCE: Parade Technologies, Ltd. Copyright Business Wire 2025. PUB: 03/09/2025 08:00 PM/DISC: 03/09/2025 08:03 PM
