In This Article:
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Q4 2024 Revenue: USD127.41 million.
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Q4 2024 Net Income: USD21.3 million.
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Q4 2024 Earnings Per Share: USD0.27 (basic and fully diluted).
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Q4 2024 Gross Profit: USD53.76 million.
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Fiscal Year 2024 Revenue: USD505.81 million.
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Fiscal Year 2024 Gross Profit: USD214.94 million.
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Fiscal Year 2024 Operating Income: USD76.3 million.
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Fiscal Year 2024 Net Income: USD80.6 million.
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Fiscal Year 2024 Earnings Per Share: USD1.01 (basic and fully diluted).
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Q1 2025 Revenue Guidance: USD121 million to USD134 million.
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Q1 2025 Gross Margin Guidance: 42% to 46%.
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Q1 2025 Operating Expense Guidance: USD32 million to USD35 million.
Release Date: February 05, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Parade Technologies Ltd (ROCO:4966) reported a year-over-year revenue increase of 6.07% for Q4 2024, reaching USD127.41 million.
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The company's fiscal year 2024 consolidated revenue grew by 14.63% compared to the previous year, totaling USD505.81 million.
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Net income for fiscal year 2024 was USD80.6 million, a significant increase from USD64.97 million in the prior year.
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The USB4 product line showed significant growth in 2024, with expectations for continued success in 2025.
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Parade Technologies Ltd (ROCO:4966) is optimistic about growth in the high-end notebook segment driven by AI, which could outperform industry unit growth.
Negative Points
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Q4 2024 revenue decreased by 6.48% sequentially, indicating potential short-term challenges.
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Gross profit for Q4 2024 decreased by 7.22% from the previous quarter.
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The company faces intense price competition in the panel industry, particularly from Chinese manufacturers.
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There is uncertainty regarding the timing of revenue generation from new ASIC-like products, which may not contribute until next year or later.
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The company's exposure to the server market is currently limited, with revenue contributions less than USD10 million.
Q & A Highlights
Q: Can you share the product mix for the fourth quarter? A: In Q4 2024, our DP product line was slightly higher than 35%, our high-speed or PS product line was slightly lower than 50%, our TC or soft driver product line was about 15%, and our TT was lower than 5%. - Ji Zhao, CEO
Q: What is the outlook for each product going into the next quarter? A: In Q1, we expect a similar allocation with the high-speed or PS product potentially increasing. - Ji Zhao, CEO
Q: What's your view on growth for this year, and are you confident in achieving double-digit growth? A: We expect single-digit growth in the notebook segment and are optimistic about high-end notebooks driven by AI. We aim to grow better than the industry unit growth. - Ji Zhao, CEO