Silicom Reports 129% YOY Revenue Growth for Q3, All-Time Record Sales of $7.8M and $0.20 Per Share Net Profit for 9-Month Period
2005年10月31日 - 8:02PM
ビジãƒã‚¹ãƒ¯ã‚¤ãƒ¤ï¼ˆè‹±èªžï¼‰
Silicom Ltd. (NASDAQ:SILCF) today reported financial results for
the third quarter and nine months ended September 30, 2005.
Revenues for the third quarter of 2005 were $2,832,000, an increase
of 129% compared with $1,235,000 for the third quarter of 2004.
This is Silicom's seventh consecutive quarter of rising revenues
and represents sequential growth of 7% compared with the sales for
the second quarter of 2005. Net income for the quarter was
$384,000, or $0.09 per share (basic and diluted), compared with a
net loss of ($207,000), or ($0.05) per share (basic and diluted),
for the third quarter of 2004. This is the Company's third
consecutive profitable quarter and represents 22% sequential growth
compared with net income for the second quarter of 2005. Revenues
for the nine months ended September 30, 2005 rose to an all-time
high of $7,750,000, an increase of 160% compared with $2,978,000
for the first nine months of 2004. These are the highest revenues
ever recorded by the Company for any 3-quarter period. Net profit
for the nine-month period was $849,000, or $0.20 per share (basic
and diluted), compared to a net loss of ($1,153,000), or ($0.27)
per share (basic and diluted) for the first nine months of 2004.
Commenting on the results, Shaike Orbach, President and CEO, said,
"We are very pleased with the Company's continued strong momentum
as demonstrated by seven consecutive quarters of top-line growth
accompanied by improvement in the bottom line. For the nine-month
period, our revenues are the highest they have been in our history,
while our quarterly revenues are at their strongest level since
1997. This performance demonstrates the revenue-generating power of
an increasing number of continuously maturing Design Wins for our
multi-port and BYPASS adapters, which have accumulated to 30 over
the last two years, each with the potential to generate an ongoing
flow of orders over the next few years. "With a sales pipeline
consisting of many additional potential customers, we continue to
focus on achieving Design Wins from developers and manufacturers
operating in the fast-growing market segments of security
appliances, data storage and other applications. In this fertile
niche, we have established a strong presence which is helping us
close additional Design Wins, each of which with the potential to
contribute revenues on top of those generated by our current Design
Wins. Overall, we are very satisfied by our progress and optimistic
as we look towards the future." Silicom Ltd. is an industry-leading
provider of high-performance server/appliances networking
solutions. The Company's flagship products include a variety of
multi-port Gigabit Ethernet, copper and fiber-optic, server
adapters and innovative BYPASS adapters designed to increase
throughput and availability of server-based systems, security
appliances and other mission-critical gateway applications. Silicom
also offers a broad range of its traditional PC Cards, PCI cards
and USB products. For more information, please visit:
www.silicom.co.il. Statements in this press release which are not
historical data are forward-looking statements which involve known
and unknown risks, uncertainties, or other factors not under the
Company's control, which may cause actual results, performance, or
achievements of the Company to be materially different from the
results, performance, or other expectations implied by these
forward-looking statements. These factors include, but are not
limited to, those detailed in the Company's periodic filings with
the Securities and Exchange Commission. The Company disclaims any
duty to update such statements. -0- *T Silicom Ltd. Consolidated
Summary of Results (Unaudited) U.S. dollars, in thousands, except
for per share amounts Three-month period Nine-month period ended
September 30, ended September 30, 2005 2004 2005 2004 ==========
========== ========== =========== Sales $2,832 $1,235 $7,750 $2,978
Cost of sales 1,688 770 4,652 2,045 ---------- ----------
---------- ----------- Gross profit 1,144 465 3,098 933 ----------
---------- ---------- ----------- Research and development costs,
gross 395 414 1,163 1,222 Less - royalty bearing participations
(27) (75) (71) (103) ---------- ---------- ---------- -----------
Research and development costs, net 368 339 1,092 1,119 Selling and
marketing expenses 216 182 662 513 General and administrative 165
150 511 458 ---------- ---------- ---------- ----------- 749 671
2,265 2,090 ---------- ---------- ---------- ----------- Operating
income (Loss) 395 (206) 833 (1,157) Financial income (expenses),
net (11) (1) 16 4 ---------- ---------- ---------- -----------
Income (Loss) before taxes on income 384 (207) 849 (1,153) Taxes on
income --- --- --- --- ---------- ---------- ---------- -----------
Net income (Loss) $384 $(207) $849 $(1,153) ========== ==========
========== =========== Basic income (Loss) per share $0.09 $(0.05)
$0.20 $(0.27) ========== ========== ========== =========== Weighted
average number of shares outstanding - Basic EPS (in thousands)
4,276 4,199 4,241 4,199 ========== ========== ==========
=========== Diluted income (Loss) per share $0.09 $(0.05) $0.20
$(0.27) ========== ========== ========== =========== Weighted
average number of shares outstanding - Diluted EPS (in thousands)
4,402 4,199 4,349 4,199 ========== ========== ==========
=========== Silicom Ltd. Consolidated Balance Sheets (U.S. dollars,
in thousands) September 30, December 31, 2005 2004 (Unaudited)
(Audited) =============== =============== Assets Current assets
Cash and cash equivalents $1,707 $1,086 Short term investments -
519 Trade receivables 1,566 741 Other receivables 367 337
Inventories 3,125 1,994 --------------- --------------- 6,765 4,677
Severance pay fund 561 559 Property and equipment, net 229 232
Other assets 50 57 --------------- --------------- Total assets
$7,605 $5,525 =============== =============== Liabilities and
shareholder's equity Current liabilities Trade payables 1,677 1,008
Other payables and accrued liabilities 892 522 ---------------
--------------- Total current liabilities 2,569 1,530 Liability for
severance pay 963 957 --------------- --------------- Total
liabilities 3,532 2,487 --------------- ---------------
Shareholders' Equity Share capital and additional paid in capital
5,838 5,652 Treasury stock (38) (38) Retained earnings (deficit)
(1,727) (2,576) --------------- --------------- 4,073 3,038
--------------- --------------- Total liabilities and shareholders
equity $7,605 $5,525 =============== =============== *T
Silicom (NASDAQ:SILCF)
éŽåŽ» æ ªä¾¡ãƒãƒ£ãƒ¼ãƒˆ
ã‹ã‚‰ 6 2024 ã¾ã§ 7 2024
Silicom (NASDAQ:SILCF)
éŽåŽ» æ ªä¾¡ãƒãƒ£ãƒ¼ãƒˆ
ã‹ã‚‰ 7 2023 ã¾ã§ 7 2024