Dialog Semiconductor
announced record Q3 results with $59m revenue, representing 31%
growth over Q209 and 34% growth over Q308.
The power management specialist had net profit in Q309 of $8.8m,
representing 14.8% of revenue compared to $3.3m in Q209. Total cash
increased in Q309 by $2.9m to stand at $46.4m.
"Dialog continued its growth momentum in the third quarter where
we experienced strong demand for our power management products.
Dialog's strategy combined with solid execution are yielding
positive operating results for the company as we continue to
increase our market share", said Dialog CEO, Dr Jalal Bagherli, "I
am very pleased that these positive results today are being enjoyed
by both long-standing and new Dialog shareholders. During the
quarter, we embarked on a very successful international equity
offering and have been able to attract a significant number of new
Tier 1 institutional funds to our shareholder base in addition to
increasing our trading liquidity."
After the quarter ended, Dialog received approximately $59.8m
proceeds from an international equity offering which saw its
inclusion in the German technology TecDAX index.
Q309 operational highlights included a strategic entry to the
audio market with the launch of the DA7210 - the first product of a
family of audio products; co-operation with NEC Electronics for a
platform to enable rapid prototyping of smartphones and portable
media devices; the first DA6001 engineering samples shipped of a
power management companion device for Intel's Atom processor.
Gross margin for the third quarter was 45.3%, representing a
decrease of 0.4 percentage points over that achieved in the prior
quarter and an increase of 4.4 percentage points over that achieved
in Q3 2008.
In Q309, net profit was $8.8m compared to a net profit of $3.3m
in Q209 and to a net profit of $1.9m Q308.
At the end of Q309, Dialog's inventory level was $26.2m, an
increase of $7.2 million over the prior quarter.
SG&A represented 10% of revenue and R&D costs
represented19% of revenue.