ALi Corporation (3041TT) today held its 2015 second quarter online earnings conference and announced consolidated revenue of NT$658 million, consolidated gross profit of NT$255 million with consolidated gross profit margin of 39%, consolidated operating loss of NT$168 million, net loss of NT$135 million, and basic earnings per share of -NT$0.46 for the second quarter ended June 30, 2015.
ALi Corporation stated that second quarter revenue decreased 28% quarter-over-quarter and 35% year-over-year. The decrease was mainly due to softening demand for retail products in most emerging markets, resulting in continuous inventory adjustment by some customers and channels, and Pay-TV operator demand also showed a slowdown. Consolidated gross profit margin was 39%, down 3 percentage points compared to the level of previous quarter due to decreasing product margin for certain segments and inventory provisions. Consolidated operating expenses increased 6% quarter-over-quarter, primarily for higher research and development (R&D) investments. Product segments categorized into retail STB, Pay-TV operator STB and others (Non-STB) accounted for 50~55%, 35~40% and 10~15% of the total consolidated revenue respectively.
ALi Corporation also announced the Board of Directors has decided to launch a share buyback program to repurchase a maximum of 4.55 million shares of common stock (approximately 1.5% of total shares issued) for the purpose of transferring shares to employees. The share buyback is expected to commence on July 31, 2015 and end on September 30, 2015 with a price range NT$10.1~NT$22.1.
