Revenue and GM did meet or exceed SPRD targets, however GAAP diluted EPS missed. It was .44 and the street expected .46 or .47. R&D spending is what's hurting EPS and stock price. Being a Samsung supplier also saps profitability in the near term.
2Q miss was much more disappointing to me. 3Q call sounded good in comparison.
No good reason. Looks like some short is trying to scare people. Long term this is great value in an exploding market. Looks like theres been some accumulation over the past quarter as well. Will buy if it drops.