fitipower integrated technology inc. reports first-quarter consolidated
results at the analyst meeting.
1q23 consolidated revenue of nt$3,936 million,down 4.68% from previous quarter and 33.96% year-over-year
1q23 consolidated gross margin of 30.48%, up 3.69 percentage points from previous quarter, and down 14.71 percentage points year-over-year
1q23 consolidated operating income of nt$491 million, up 48.56% from previous quarter, and down 74.58 % year-over-year
1q23 consolidated net income of nt$436 million; eps of nt$2.26
consolidated revenue
fitipower integrated technology inc. today announced financial results of first-quarter ended mar 31, 2023. the first-quarter revenue was
nt$3,936 million, down 4.68% sequentially and 33.96% 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 first-quarter gross profit was nt$1,199 million, up 8.44% sequentially, and down 55.46% year-over-year.
gross margin for the quarter was 30.48%, up 3.69 percentage points sequentially, and down 14.71 percentage points year-over-year.
the quarter-over-quarter and the year-over-year changes in gross margin were mainly due to the product mix was different.
consolidated net income, net profit margin and eps
net income for the quarter was nt$436 million, up 46.21% sequentially, and down 72.87% year-over-year.
net profit margin for the quarter was 11.08%, higher than 7.23% previous quarter, but lower than 26.98% in the year-ago quarter.
eps was nt$2.26, up from nt$1.87 in the prior quarter, but down from nt$8.11 in the year-ago quarter.
the quarter-over-quarter increases in net income, net profit margin and eps were mainly due to product mix changes.
the year-over-year decreases in net income, net profit margin and eps were mainly due to lower gross margin.
