ELAN MICROELECTRONICS CORPORATION May 4, 2023
ELAN 1Q23 Earnings Report
ELAN Microelectronics Corp. (code: 2458), a leading human-machine interface solution provider today announced its 1Q23 unaudited financial results. Sales came in at NT$2,405million, up 22.5% qoq on improving demand with easing inventory issues at the clients' side, while it declined by 41.3% on year due to weaker NB demand, which is affected by inflation, interest hikes and geopolitical-driven wars.
1Q23 gross margin increased by 170 bps qoq to 40.7% as there was one-off LTA costs in 4Q22; while it declined by 650 bps yoy due to product mix change, higher wafer costs and loss provisions for inventory. Operating profit surged 10 times on quarter due to expanded revenue scale and higher gross profit, but it went down by 81% yoy due to shrinking revenue and gross profit. Net profit - parent and EPS for the quarter were NT$307 million and NT$1.08, respectively.
Our outlook for 2Q23 is: revenue to be NT$2.6~2.8 billion as NB demand resumes seasonally, GM to be 41%~43%, and OPM to be 11%~15%.
Unit: in NT$ M, EPS in NT$
1Q23 | 1Q22 | YoY | |
Consolidated Sales | 2,405 | 4,099 | -41.3% |
Gross Profit | 980 | 1,936 | -49.4% |
Operating Profit | 212 | 1,113 | -81.0% |
Net Profit | 307 | 798 | -61.5% |
EPS | 1.08 | 2.81 | -61.6% |
Gross Margin | 40.7% | 47.2% | |
Presentation material for investor conference could be found at
http://www.emc.com.tw/emc/en/Investor/seminar
1
Contacts： | ||
Spokesperson: Dennis Liu | E-mail: dennis_liu@emc.com.tw | |
IR contact: | Emily Chiang | E-mail: emily@emc.com.tw |
Elsie Lin | E-mail: elsie.lin@emc.com.tw |
2
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Elan Microelectronics Corp. published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 10:46:04 UTC.
