Third Quarter 2007 Highlights:
- Quarter-over-quarter revenue increased 21.4% to NT$1,401 million (US$43.0 million)
- Gross margin, 47.3%
- Net income of NT$367 million (US$11.3 million)
- Earnings per share of NT$1.09 for the quarter
Hsinchu, Taiwan –October 25, 2007 – Faraday Technology Corporation, a leading fabless ASIC design solution and silicon IP provider, today announced its unconsolidated operating results for the quarter ended September 30, 2007. The third quarter revenue was NT$1,401 million, while net income and basic earnings per share came to NT$367 million and NT$1.09 per share, respectively.
Thanks to a higher percentage from ASIC mass production business, the revenue of 3Q07 increased 21.4% compared to 2Q07. The gross margin of 3Q07 was 47.3%. The operating income was NT$329 million, and operating margin was 23.5%. Net income was NT$367 million, decreased 0.5% over the previous quarter, and down 4.8% over the same period last year.
The unconsolidated sales revenue from the first three quarters this year were NT$3,702 million, gross margin and net margin were 51.1% and 35.5% respectively. The accumulated EPS was NT$3.90, higher than the same period of 2006, NT$3.54.
Summary of Operating Results
Detailed Financials Section
Analysis of Revenue
Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, DSPs, PHY/Controllers for USB 2.0, Ethernet, and Serial ATA. With more than 750 employees and 2006 revenue of NT$5,544 million (US$171 million), Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other markets, world-wide. Headquartered in Taiwan, Faraday has service and support offices around the world, including the U.S., Japan, Europe, and China. For more information, please visit: http://www.faraday-tech.com