|Bid||0.0000 x 1000|
|Ask||0.0000 x 1800|
|Day's Range||1.7300 - 1.8000|
|52 Week Range||1.1600 - 1.9700|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
By Lisa Thompson NASDAQ:OIIM READ THE FULL OIIM RESEARCH REPORT On Oct. 30, 2019 O2Micro (NASDAQ:OIIM) announced that it entered into a strategic agreement with Feit Electric Company, Inc., a leading supplier of lighting products. This agreement allows Feit Electric to fully utilize O2Micro's patented Free Dimming technology in its general lighting products. In addition to being granted a license
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O2Micro (OIIM) revenues for Q2 came in above guidance at $14.3 million. Sony introduced an 8K television that use 64 of O2Micro’s area backlighting ICs in a single TV. Also, right now, high-end smartphones are the only ones using its fast charging capabilities, but fast charging will also begin to be needed with mainstream smartphones as they use bigger batteries in the move to 5G.
O2Micro (OIIM) revenues for Q1 came in at $12.8 million inline with its downwardly revised guidance of $12.5 million to $13 million. Weakness in TV sales in China continues, but demand has been picking up as the inventory correction from the wafer shortages has been mostly resolved. O2Micro still expects revenues to improve in the latter half as design wins convert to ramping production, particularly in smartphones, and TV demand stabilizes.
O2Micro (OIIM) announced that it would miss its revenue guidance for Q1 2019, which had been a range of down 12%, plus or minus 4% sequentially, with a midpoint for revenues of $14.7 million, which would have been be up 4% over last year. Weakness is mainly in TVs but all products, such as power tools, that experienced wafer shortages last year have been affected. Due to the shortages, customers over ordered as they were on allocation and once supply caught up to demand, they were left with too much inventory.
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O2Micro (OIIM) reported Q4 2018 revenues of $16.6 million, down slightly sequentially, but still up 9.0% year over year and within the range of guidance. For Q1 2019, the company is guiding to midpoint revenues of $14.7 million, which would be up 4% over last year. Despite the industry suffering an inventory correction as supplies catch up to demand after shortages last year, O2Micro still expects to grow throughout 2019 with acceleration in the latter half as design wins convert to ramping production.