Parade Technologies Ltd (ROCO:4966)
NT$ 714 -6 (-0.83%) Market Cap: 56.62 Bil Enterprise Value: 47.24 Bil PE Ratio: 22.44 PB Ratio: 2.63 GF Score: 93/100
Back to the Transcripts List

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

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.