In the second quarter of the spectrum, the consolidated revenue was US$75.67 million, which was affected by the adjustment of inventory by mainland China panel customers. The quarterly decrease was 6.18%, which was 11.92% lower than the same period of last year. The operating gross profit was US$31.05 million, down 5.73% from the previous year. In the same period, it decreased by 9.97%; net profit after tax was US$12.32 million, a quarterly decrease of 10.7%, and the after-tax earnings per share was US$0.16 (equivalent to NT$4.80).
Spectrum Technology announced its third-quarter financial forecast. The third quarter consolidated revenue is estimated to be US$81 million to US$89 million, which will increase by 7%-17.6%, and the combined gross profit margin will be 40%-43%. It is 18.75 million US dollars to 19.75 million US dollars.
Zhao Jie, chairman of Spectrum Technology, pointed out that the shipment of panel driver ICs in the third quarter is expected to pick up, and the smart watch orders will also have a good performance, which will drive the third quarter revenue to climb. From the product distribution, it is expected this year In the second half of the year, the high-speed signal transmission interface product and the source driver IC (SIPI source driver) will be expected to fully recover. However, the shipments of touch products in the second half of this year are about the same as last year.
At present, smart phone touch customers are actively converting to panel driver and touch integrated single chip (TDDI), and Spectrum Technology also vigorously promotes TDDI products to China and Taiwan panel factories. It is expected to contribute to the fourth quarter. Mass production shipments can begin before the end of this year.
As for the timing controller (T-Con) products supplied by Spectrum Technology to the iPad and Macbook product lines, Zhao Jie pointed out that shipments in the fourth quarter of this year are expected to start to recover, and shipments are more confident. In the same period of last year, there will be a chance of higher performance in 2017 next year. In addition, the current PCIe high-speed transmission interface is developing towards the Gen4 generation, but it is affected by the shipment delay of the Intel CPU platform. The legal person is also worried about the technology in PCIe Gen4. Retimer product revenue contribution will also be postponed until 2020.