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O2Micro International Limited (OIIM) reported Q2 2020 revenue of $17.3 million, a 21.1% increase year-over-year and 10.9% sequential growth, aligning with earlier guidance. GAAP net income reached $380,000 or $0.01 per fully diluted ADS. Gross margin was 51.2%, slightly down from the prior quarter. The company expects Q3 2020 revenue between $17.6 million and $19.0 million. The firm ended Q2 with $41.4 million in cash, and working capital of $53.2 million.
O2Micro International Limited (NASDAQ: OIIM) will announce its financial results for the second quarter ending June 30, 2020, on July 31, 2020. A conference call will follow at 6:00 a.m. (Pacific) and 9:00 a.m. (Eastern), accessible via a toll-free number for US and Canadian participants or an international line. An audio replay will be available from July 31 at 12:00 PM Eastern through August 12. O2Micro specializes in power management components across multiple sectors including Automotive and Industrial.
O2Micro International Limited (OIIM) announced the grant of a significant patent, US patent U10,660,176 B2, on May 19, 2020. The patent covers a system for driving a light source, which includes a power converter and control circuitry that optimizes power management for LED backlighting. Dr. Yung Lin, Executive VP, highlighted the invention's cost-effectiveness and efficiency in power management applications. Founded in 1995, O2Micro specializes in innovative power management solutions across various markets including Consumer and Automotive.