Diodes, Inc. - DIOD STOCK NEWS

Diodes Incorporated (DIOD) introduces high-current trench Schottky rectifiers with industry-leading current densities, low forward voltage drop, and thermal resistance. These innovative devices, housed in chip-scale packages, offer small footprint, high efficiency, and enhanced reliability for portable, mobile, and wearable electronics.

Diodes Incorporated (DIOD) introduces AL1783Q, an automotive-compliant linear LED driver enabling independent control of brightness and color in three channels. The driver supports interior mood lighting, turning-indicator signals, and grill lighting for safety. With LED current settings, dimming controls, and PWM, it suits EVs and ICE vehicles. Operating from a 55V rail, it offers advantages over competitors, delivering 66% more current per channel at $0.43 in 2,500 piece quantities.

Diodes Incorporated (DIOD) to participate in upcoming Baird Vehicle Technology & Mobility Conference and Susquehanna Technology Conference virtually. Management will be available to meet with attendees on February 29 and March 1, respectively.

Diodes Incorporated (DIOD) reported its financial results for the fourth quarter and year ended December 31, 2023. Despite a challenging year with global market weakness, the company made progress in improving the quality and mix of its product portfolio, achieving 46% of product revenue from the automotive and industrial markets in 2023. However, revenue was $1.7 billion, down from $2.0 billion in 2022, with a decrease in gross profit and operating income. The company also experienced a negative net cash flow of $22.6 million, including net pay-down of $124.3 million of total debt. Fourth quarter 2023 revenue was $322.7 million, down from $404.6 million in the third quarter 2023 and $496.2 million in the fourth quarter 2022. GAAP gross profit margin was 34.9 percent, down from 38.5 percent in the third quarter 2023 and 41.6 percent in the fourth quarter 2022. The company also provided a business outlook for the first quarter of 2024, expecting revenue to be approximately $305 million, with a GAAP gross margin of 34.0 percent.

Diodes Incorporated (DIOD) has introduced automotive-compliant, high-side power switches for driving 12V automotive loads. The switches offer protection, diagnostic capabilities, and efficient, reliable alternatives to relays, fuses, and discrete circuits. Priced at $1.37 in 2,500 piece quantities, these switches are designed to meet the needs of automotive body control and lighting systems.

Diodes Incorporated (Nasdaq: DIOD) will host a conference call on February 6, 2024, to discuss its fourth quarter and fiscal 2023 financial results. Analysts and investors are invited to join the conference call to hear from the President, Chief Financial Officer, and Senior Vice President of Worldwide Sales and Marketing.

Diodes Incorporated (Nasdaq: DIOD) will participate in the 26th Annual Needham Growth Conference on January 16, 2024. The company's CFO, SVP of Worldwide Sales and Marketing, and Director of Investor Relations and Corporate Marketing will present at 4:30 p.m. ET and host virtual meetings with investors throughout the day. The live audio webcast and archived replay of the presentation will be available on the company's website at www.diodes.com.

Diodes Incorporated (Diodes) (Nasdaq: DIOD) promotes Gary Yu to President as part of a multi-year CEO succession plan, with Dr. Keh-Shew Lu continuing as Chairman and CEO until at least May 31, 2027. Mr. Yu, who joined Diodes in 2008 and currently serves as Chief Operating Officer, will be working closely with Dr. Lu and will oversee all executive officers and regional presidents. Dr. Lu praised Mr. Yu's contribution to the company's growth, with Diodes reaching $2 billion in revenue last year.

Diodes Incorporated (Diodes) (Nasdaq: DIOD) introduces the AH371xQ series of high-voltage Hall-effect latches for automotive applications, offering a wide range of features and capabilities. These latches are designed to support various in-vehicle comfort and engine management applications, including window power-lift, sunroof movement, tailgate opening/closing mechanisms, seat adjustment motors, cooling fans, water/oil pumps, and speed measurement. With an operating voltage range from 3V to 27V and 40V load dump protection, the AH371xQ series is versatile and can integrate into a wide variety of automotive systems. The devices have a chopper-stabilized design, tight operating windows, and low temperature coefficients for switch points, providing engineers with flexibility in magnetic operating and release options. The latches also feature 8kV human body model electrostatic discharge (ESD) rating and protection features such as reverse blocking diode, overcurrent protection, and overvoltage clamp. The AH371xQ series is AEC-Q100 Grade 0 qualified, manufactured in IATF 16949 certified facilities, and supports PPAP documentation. The series is available in various packages and is priced at $0.32 in 1,000 piece quantities, making it an attractive option for automotive applications.