Tuesday, July 31, 2007

Pixelplus Reports Q2'07 Results

Yahoo: Similarly to the previous quarterly report, Plixeplus says that a part of its sensors is "sold" while another part is "supplied" - a strange statement. Here it is:

"The Company sold approximately 3.0 million image sensors in the second quarter of fiscal 2007, which represented an increase of about 1.8 million units from its sale of around 1.2 million units in the first quarter of fiscal 2007. Separately, the Company provided approximately 7.4 million image sensors arising from its supply of services to a leading Japanese module maker in the second quarter of fiscal 2007, which represented a decrease of about 0.8 million units from its supply of around 8.2 million units in the first quarter of fiscal 2007. So, in terms of combined figures, the Company sold and supplied a total of about 10.4 million image sensors in the second quarter of fiscal 2007, which represented an increase of roughly 1.0 million units from its sale and supply of around 9.4 million units in the first quarter of fiscal 2007."

Gross margin for the Q2'07 was roughly 36%, compared to approximately 26% in the Q1'07 - excellent margins for relatively low-end product mix of the company.

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