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O2Micro International Limited (OIIM) Reports Better than Expected Q2 Results

O2Micro International Limited (OIIM), a leading developer of power management and security components for computers and consumer electronics, reported second quarter financial results today after the close. Revenues were $40.8 million, an increase of 6.8% from the prior year and 8.6% sequentially. GAAP net income, including the effect of $721,000 in stock-based compensation expense, was $4.4 million, or 12 cents per American Depositary Share (ADS), vs. analysts’ consensus estimate of 10 cents per ADS.

Sterling Du, Chairman and CEO, commented, “During these challenging economic times, we are continuing to grow because O2Micro is bringing great new products to the market.” Mr. Du continued, “Our newest products are building momentum and we look forward to increasing contributions from our Security, DC/DC, and battery lines in the coming quarters.”

Shares of OIIM closed at $4.57 today and have traded in a 52-week range of $4.33 – $18.00. O2Micro has cash and short-term investments of $82.6 million, or $2.19 per ADS, and no long-term debt. OIIM has a trailing twelve-month P/E of 6.82. Shares of OIIM are dually listed on the Hong Kong Stock Exchange and the Nasdaq. OIIM traded as high as $5.00 after hours on volume of 26,000 shares.

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