Parade Technologies Ltd (ROCO:4966)
NT$ 750 14 (1.9%) Market Cap: 58.79 Bil Enterprise Value: 48.72 Bil PE Ratio: 25.03 PB Ratio: 2.72 GF Score: 88/100
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Q2 2024 Parade Technologies Ltd Earnings Call Transcript

Aug 07, 2024 / 06:00AM GMT
Release Date Price: NT$703 (+5.71%)

Key Points

Positve
  • Parade Technologies Ltd (ROCO:4966) reported a year-over-year revenue increase of 16.02% for Q2 2024.
  • The company announced the successful shipping of the PS8830 USB4/Thunderbolt4 retimer in key OEM customer Copilot+ PCs.
  • Parade Technologies Ltd (ROCO:4966) introduced the PS8778 USB4 Gen 3 by 2/Thunderbolt 4/DP 2.1 alt mode linear redriver, which supports up to 40 gigabits per second.
  • The company provided a positive revenue guidance for Q3 2024, ranging between USD130 million to USD144 million.
  • Parade Technologies Ltd (ROCO:4966) is seeing increased adoption of its high-speed PS parts, driven by the momentum in AI PCs.
Negative
  • Sequential revenue for Q2 2024 decreased by 0.34%, indicating a slight decline in growth momentum.
  • Gross profit for Q2 2024 decreased by 1.31% from the previous quarter.
  • The company faces competition in the panel solutions market, particularly on the price side.
  • Inventory levels remain high, with inventory days at around 150 days, which is above the company's target.
  • The company is experiencing challenges in negotiating wafer cost reductions due to geopolitical factors and customer demands.
Operator

Welcome, everyone, to Parade Technologies Limited's 2024 second-quarter webcast investor conference. Investor Relations of Parade Technologies, Mr. Yo-Ming Chang, will present 2024 second-quarter financial results first.

(Operator Instructions) And after the presentation, there will be a question-and-answer session in English by CEO, Dr. Jack Zhao; and Vice President of Finance, Mr. Kuowei Wu. (Operator Instructions)

(spoken in Chinese)

And now I would like to introduce Mr. Yo-Ming Chang, Investor Relations of Parade Technologies. Mr. Chang, please begin.

(spoken in Chinese)

Yo;Ming Chang
Parade Technologies Ltd - Corporate Governance Officer

Thanks, Jason. Welcome, everyone, to Parade Technologies 2024 Q2 webcast investor conference.

Parade Technologies second-quarter 2024 consolidated revenue was USD120.87 million, and the net income was USD17.58 million. It's both basic and fully diluted after-tax earnings per share were USD0.22 and USD0.22, respectively. These results compared to

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