ALi Corporation (3041TT) today held its 2013 first quarter online earnings conference and announced consolidated revenue of NT$861 million, consolidated gross profit of NT$388 million with consolidated gross profit margin of 45%, consolidated operating loss of NT$69 million, net loss of NT$48 million, and basic earnings per share of -NT$0.16 for the first quarter ended March 31st, 2013.
ALi Corporation stated that first quarter’s revenue of NT$861 million, representing a 27% decrease on a quarter-over-quarter basis, was mainly a result of lower demand from retail STB market and fewer working days due to the Chinese Lunar New Year holidays. The year-over-year sales decreased up to 40%, due to higher quarterly sales base in 2012 resulting from the ASO in Western Europe. Although the first quarterly revenue of 2013 decreased year-over-year, the growth momentum in Pay-TV market in emerging countries in regions such as South Asia, Africa, and South East Asia continues, along with the continuous success of retail IP STB. The company has seen higher percentage of revenue contribution from Pay-TV operator market and IP STB and expects these two product segments to continuously fuel long-term growth momentum. Consolidated gross profit margin was 45%, similar to the level of previous quarter. Operating expenses increased 27% quarter-over-quarter, primarily due to higher research and development (R&D) expenses, hence causing the bottom-line deficit.
As to the product line contribution in the first quarter, STB accounted for around 90~95% of the revenue. ALi’s STB end markets can be categorized into retail HD, retail SD, retail IP STB (OTT), and Pay-TV operators, which accounted for 30~35%, 30~35%, 5~10%, and 25~30% of STB revenue respectively.
ALi Corporation also announced the Board of Directors has decided to propose to shareholders at the Annual General Meeting on 25 June 2013 the distribution of a cash dividend of NT$2.00 per share for resolution.
