Business Highlights
Fourth Quarter of 2024 Overview
In the fourth quarter of 2024, sales saw a decrease of 10% quarter-over-quarter (Q/Q) and a 6% decrease year-over-year (Y/Y). SSD controller sales also experienced a decline, with a 5% to 10% decrease Q/Q and a 5% to 10% decrease Y/Y. Similarly, eMMC+UFS controller sales decreased by 10% to 15% Q/Q but remained flat Y/Y. The most significant decrease was seen in SSD solutions sales, which dropped by 35% to 40% Q/Q and 25% to 30% Y/Y. Despite these challenges, the company announced an annual cash dividend of $2.00 per American Depositary Share (“ADS”).
Financial Highlights
Fourth Quarter 2024
For the fourth quarter of 2024, the company reported the following financial results:
- Net sales: $191.2 million (-10% Q/Q, -6% Y/Y)
- Gross margin: 46.8%
- Operating margin: 10.3%
- Earnings per diluted ADS: $0.68 (GAAP) and $0.91 (Non-GAAP)
Full Year 2024
Looking at the full year 2024 financials, the company achieved the following:
- Net sales: $803.6 million (+26% Y/Y)
- Gross margin: 46.1%
- Operating margin: 11.6%
- Earnings per diluted ADS: $2.69 (GAAP) and $3.43 (Non-GAAP)
TAIPEI, Taiwan and MILPITAS, Calif. Location
The company operates in both TAIPEI, Taiwan and MILPITAS, Calif., showcasing its global presence in the tech industry.
Conclusion
While the fourth quarter of 2024 presented some challenges for the company, the full year financial results show overall growth and resilience in the market. With strategic decision-making and a focus on innovation, the company can navigate through fluctuations in sales and continue to deliver value to its shareholders.
How will this affect me?
As a consumer, you may see changes in product offerings or pricing strategies from the company based on their financial performance. Keep an eye out for any updates or announcements that could impact your purchasing decisions.
How will this affect the world?
The performance of this tech company can have ripple effects on the global tech industry and economy. Investors and competitors will be watching closely to assess market trends and potential shifts in the industry landscape.
