IP

ALi Corporation (3041 TT) today announced the total consolidated revenue for Aug 2014 reached NT$ 454.4 million, representing an increase of 16.1% MoM and 28.3% YoY. Aggregate revenue from January to August of 2014 was NT$2,970.8 million, up 21.0% from the corresponding period last year.

The company expressed that the revenue increase in STB products was due to seasonal demand. Retail high-definition products contributed the most to the sales surge; total monthly sales was highest in this year so far. Compared to the previous year, the year-over-year increase in August sales reflected the growth in retail high-definition product sales under the effort in diversifying product deployment and broadening client base and a long-term growth momentum from Pay-TV operator markets as a result of the company’s continuous cultivation and investment. The year-over-year growth of aggregate revenue from January to August was over 20%. 
 

In addition, the company also announced it has integrated the DRM technology from Verimatrix, one reputed CA (Conditional Access) partner of ALi’s, on over-the-top (OTT) and IPTV platform to provide Pay-TV operators and Internet TV service providers secure video distribution safety via broadband networks. Related products and solutions will be showcased at IBC 2014 held in from September 12 to 16 in Amsterdam.

Note: Figures have not been audited; consolidated entities include ALi Corporation and its subsidiaries.

ALi Corporation (3041TT) today held its 2014 second quarter online earnings conference and announced consolidated revenue of NT$1,017 million, consolidated gross profit of NT$474 million with consolidated gross profit margin of 47%, consolidated operating income of NT$42 million with consolidated operating profit margin of 4%, net income of NT$34 million, and basic earnings per share of NT$0.12 for the second quarter ended Jun 30th, 2014.

ALi Corporation stated that second quarter’s revenue of NT$1,017 million, representing a decrease of 8% on a quarter-over-quarter basis, was mainly a result of slow demand in some regions and the product transition of IP STB. However, revenue from Pay-TV operator markets in emerging countries including Southeast Asia, South Asia and Africa showed quarterly growth thanks to cultivation in these market segments. The year-over-year sales increase of 6% in the second quarter was a result of long-term growth momentum from Pay-TV operator markets. Consolidated gross profit margin was 47%, down 3 percentage points compared to the level of previous quarter. The trend of gross profit margin maintained quite stable if eliminating adjustments for one-time events in quarter-over-quarter comparison. Consolidated operating expenses decreased by 10% quarter-over-quarter and the company’s consolidated operating income reached $42 million with consolidated operating profit margin of 4%. The operating profit decreased quarter-over-quarter due to declining sales scale and gross margins but profitability was better compared to the second quarter in 2013. The company’s 2Q net income was NT$34 million as it recognized increased consolidated income tax expenses due to the additional 10% surtax imposed on undistributed earnings. The yearly difference in net income mainly reflected the higher base in the second quarter in 2013, when the one-time gain on disposal of some floors in NASA Building was recognized.

As to the product line contribution in the second quarter, STB accounted for close to 90% 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%, 25~30%, 0~5%, and 35~40% of STB revenue respectively. The company sees a continuing upward trend in the contribution from Pay-TV operator market from the level of 30-35% in previous quarter.

ALi Corporation (3041 TT) today announced the total consolidated revenue for July 2014 reached NT$ 391.5 million, representing an increase of 32.6% MoM and 35.5% YoY. Aggregate revenue from January to July of 2014 was NT$2,516.4 million, up 19.8% from the same period last year.
 

The company expressed that the revenue increase in most products was due to seasonal demand. Retail high-definition products contributed the most to the sales surge; furthermore, Pay-TV operator segments also showed better performance compared to the previous month. Total monthly sales not only increased over 30% month-over-month but also was the second highest in this year so far. Compared to the previous year, the year-over-year increase in monthly sales reflected a strong long-term growth momentum from Pay-TV operator markets as a result of the company’s continuous cultivation and investment, as well as the effort in diversifying product deployment and broadening client base, which greatly improved retail high-definition product sales. The year-over-year growth of aggregate revenue from January to July was close to 20%. 
 

In addition, the company also declared to pay a cash dividend of NT$2.30 per share on August 26th, 2014 by either wire remittances or checks.

ALi Corporation (3041 TT) today announced to webcast its second quarter 2014 earnings conference call on Thursday, Aug 14th at 14:00 (GMT+08:00) in Mandarin. Dr. Ben Lin, Chairman & CEO, and Cindy Chang, CFO & Spokesperson, will host the conference call to discuss the company’s financial results and answer questions from investors. A live webcast of the conference call will be available through the Investor Relations page on the ALi website. Analysts or media representatives wishing to ask questions may use the Live Webcast URL or dial the telephone numbers listed below.

●  Live Webcast
URL: http://www.todayir.com/webcasting/ali_14q2/  
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●  Dial-in Numbers
TW: (02)2162-6306 or 0080-132-3235 
HK: (852)2112-1888
CN: 4008-108-338 or 4006-786-766
AUS: (612)8223-9906 or 1-800-007-642
Other: (852)2112-1000
Password: 1415014#
Please find further information about the conference on the company's website www.alitech.com. Presentation material will be published after the conference call on MOPS & company website. For an audio recording of the conference call, please visit the URL after 4PM: http://www.todayir.com/webcasting/ali_14q2/. Further questions regarding this conference call may be directed to our Investor Relations at +886-8752-2000. Thank you.