IXYS Announces Record Revenues In Second Fiscal Quarter Ended
September 30, 2010
Highlights:
• Record quarterly revenues of $89.9 million: About a 6% increase over the June 30, 2010
quarter and about a 67% increase over the September 30, 2009 quarter
• Gross margins of 35.4%
• Net income of $6.9 million, or $0.22 per diluted share
• $160 million backlog
• $66.3 million in cash, an increase of $8.0 million over the June 30, 2010 quarter
Milpitas, CA., USA and Biel, Switzerland. October 26, 2010 -- IXYS Corporation
(NASDAQ:IXYS), an international power semiconductor company, today announced results for
its second fiscal quarter ended September 30, 2010. Net revenue in the quarter ended September
30, 2010 was $89.9 million, an increase of $36.2 million, or 67.3%, as compared to net revenue
of $53.7 million for the same period in the prior fiscal year. Compared to the quarter ended June
30, 2010, September quarter revenue increased by $5.0 million, or about 6%. This period marks
the fifth consecutive quarter of revenue growth.
For the six months ended September 30, 2010, IXYS reported net revenues of $174.8 million, an
increase of 70.3% as compared with net revenues of $102.6 million for the same period in the
prior fiscal year.
“Our record revenues and substantial backlog reflect IXYS’ fundamental strength as a growing
semiconductor enterprise. We reap the benefits of a strong, diversified power and IC product
portfolio, with advanced performance capabilities that meet the needs of the growing power
markets. IXYS has been participating in the renewable wind and solar energy sectors for more
than a decade, as well as in the growing industrial medical and telecommunications markets.
With the Zilog microcontrollers complementing our product portfolio, we plan to introduce new
innovative power management products and controllers and expand our power semiconductor
and HVIC reach in the marketplace,” commented Dr. Nathan Zommer, Chairman and CEO of
IXYS.
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Net income for the quarter ended September 30, 2010 was $6.9 million, or $0.22 per diluted
share, as compared to a net loss of $1.2 million, or $0.04 loss per share for the same quarter in
the prior fiscal year. Net income for the six months ended September 30, 2010 was $13.4
million, or $0.42 per diluted share, as compared to net loss of $5.1 million, or $0.17 loss per
share, for the same period in the prior fiscal year.
Gross profit was $31.8 million, or 35.4% of net revenues, for the quarter ended September 30,
2010, as compared to gross profit of $12.6 million, or 23.5% of net revenues, for the same
quarter in the prior fiscal year. “Our gross margin percentage points increased by approximately
50% year over year, marking six consecutive quarters of gross margin percentage growth,”
commented Dr. Zommer.
Gross profit for the six months ended September 30, 2010 was $61.3 million, or 35.1% of net
revenues, as compared to a gross profit of $23.0 million, or 22.4% of net revenues, for the same
period in the prior fiscal year. |
