4 days ago
Parade Technologies Reports Second Quarter 2025 Financial Results
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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
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Release Summary
Parade Technologies Reports Second Quarter 2025 Financial Results
Release Versions
English
Contacts
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@
