fitipower integrated technology inc. reports third-quarter consolidated
results at the analyst meeting.
3q22 consolidated revenue of nt$4,191 million, down 22.3 % from previous quarter and 37.3% year-over-year.
3q22 consolidated gross margin of 31.1%, down 6.5 percentage points from previous quarter and 18.4 percentage points year-over-year.
3q22 consolidated operating income of nt$450 million, down 60.9% from previous quarter and 81.7 % year-over-year.
3q22 consolidated net income of nt$472 million; eps of nt$2.48
consolidated revenue
fitipower integrated technology inc. today announced financial results of third-quarter ended sep 30, 2022. the third-quarter revenue was
nt$4,191 million, down 22.3% sequentially and 37.3% 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 third-quarter gross profit was nt$1,306 million, down 35.8% sequentially and 60.6% year-over-year.
gross margin for the quarter was 31.1%, down 6.5 percentage points sequentially and 18.4 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$472 million, down 46.8% sequentially and 77.2% year-over-year. net profit margin for
the quarter was 11.2%, lower than 16.4% previous quarter and 31.0% in the year-ago quarter.
eps was nt$2.48, down from nt$4.04 in the prior quarter and nt$10.90 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.