fitipower integrated technology inc. reports second-quarter consolidated results at the analyst meeting.
2q22 consolidated revenue of nt$5,397 million, down 9.4 % from previous
quarter and 8.0% year-over-year
2q22 consolidated gross margin of 37.7%, down 7.4 percentage points from
previous quarter and 9.4 percentage points year-over-year
2q22 consolidated operating income of nt$1,155 million, down 40.2% from
previous quarter and 48.0 % year-over-year
2q22 consolidated net income of nt$889 million; eps of nt$4.04
consolidated revenue
fitipower integrated technology inc. today announced financial results
of second-quarter ended june 30, 2022.
the second-quarter revenue was nt$5,397 million,
down 9.4% sequentially and 8.0% year-over-year.
the quarter-over-quarter and the year-over-year decreases were mainly
due to each-sized driver ic and power ic products with lower demand.
consolidated gross profit and gross margin
the second-quarter gross profit was nt$2,037 million, down 24.3%
sequentially and 26.4% year-over-year.
gross margin for the quarter was 37.7%, down 7.4 percentage points
sequentially and 9.4 percentage points year-over-year.
the quarter-over-quarter and the year-over-year decreases in gross margin
were mainly due to product mix changes.
consolidated net income, net profit margin and eps
net income for the quarter was nt$889 million, down 44.6% sequentially
and 53.9% year-over-year.
net profit margin for the quarter was 16.4%, lower than 26.9% previous
quarter and 32.8% in the year-ago quarter.
eps was nt$4.04, down from nt$8.11 in the prior quarter and
nt$10.58 in the year-ago quarter.
the quarter-over-quarter decreases in net income ,net profit margin and
eps were mainly due to lower revenue .
the year-over-year decreases in net income ,net profit margin and eps
were mainly due to lower revenue and gross margin.
