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O2Micro International Limited (NASDAQ: OIIM) announced the grant of a UK patent (No. GB 2544185) for its innovation in light-source systems and controllers. This technology aims to enhance LED display systems by managing current fluctuations caused by AC components in switching converters. The patent includes 20 claims that focus on improving the control of light-source current and reducing ripple amplitudes. Dr. Yung Lin, Executive VP, highlighted the advantages of the invention for optimal LED current management.
O2Micro International Limited (OIIM) announced the grant of a patent for a battery protection system, enhancing safety features for battery packs. The patent, issued under GB Patent No. 2565006 on September 8, 2021, comprises 20 claims, detailing a system with a sensor and dual protection circuits to monitor and manage battery temperature. Dr. Guoxing Li emphasized that this invention offers a cost-effective solution to improve battery safety.
The company, founded in 1995, specializes in power management components across various sectors including automotive and consumer markets.
O2Micro reported Q3 2021 revenue of $27.3 million, reflecting a 22.6% year-over-year increase. GAAP net income rose to $3.7 million or $0.12 per fully diluted ADS, up from $2.9 million or $0.10 in Q3 2020. The company anticipates Q4 revenue between $25.5 million and $26.5 million. Gross margins improved to 52.0%, while operating expenses were $10.6 million, leading to an operating margin of 13.3%.
O2Micro ended Q3 with $50.7 million in cash and short-term investments.
O2Micro International Limited (NASDAQ:OIIM) will release its Third Quarter 2021 financial results on October 29, 2021. The announcement will be followed by a conference call at 6:00 a.m. (US Pacific), accessible via dial-in or a live webcast on the company's website. An audio replay will be available from October 29 at 12:00 PM through November 5. O2Micro specializes in power management components across various sectors including automotive and consumer electronics.
O2Micro International Limited (OIIM) announced the grant of a patent for a dual input power management method, issued under Japan Patent No. 6894287 on June 7, 2021. This innovation enables monitoring of multiple power sources and prioritizes inputs to enhance battery pack efficiency. Dr. Guoxing Li emphasized that the technology reduces power dissipation, extending the running time of batteries across various applications, including electric vehicles and cordless tools.
O2Micro reported Q2 2021 revenue of $26.2 million, a 51.6% increase year-over-year. The GAAP net income was $3.2 million, or $0.10 per fully diluted ADS, up from $0.01 per ADS a year prior. The gross margin also improved to 51.5%. The company expects Q3 revenue between $26.2 million and $27.5 million. Operating expenses rose to $10.2 million, yet operating margins improved significantly to 12.5%. O2Micro ended Q2 with $47.4 million in cash and short-term investments, indicating robust financial health.
O2Micro International Limited (OIIM) announced the grant of US patent 11,038,356 B2 on June 15, 2021, for its innovative auto-detecting battery cells disconnection technology using Resistor/Capacitor Circuit (RC) analysis methodology. This patent encompasses 14 claims related to quickly detecting battery cell disconnection failures in battery management systems, enhancing safety and efficiency in high-capacity applications such as electric vehicles, UPS, and cordless tools. Dr. Guoxing Li emphasized the solution's importance in preventing over-charging and over-discharging.
O2Micro International Limited (NASDAQ: OIIM) will announce its financial results for the second quarter ending June 30, 2021, on July 30, 2021. The announcement will be accompanied by a conference call at 6:00 a.m. (US Pacific) and 9:00 a.m. (US Eastern). Participants can join via a toll-free number or an international toll number. A live webcast of the conference call will be available on O2Micro's website, with a replay accessible for a week. Established in 1995, O2Micro specializes in power management solutions across multiple industries.
O2Micro International Limited (OIIM) announced the patent grant for a new Controller designed to manage light source modules. Issued under U.S. Patent No. 11,032,881 on June 8, 2021, this innovation allows a single controller to control multiple arrays of LED light sources in a time-sequenced manner. Dr. Yung Lin highlighted that this technology provides a cost-effective solution for driving LED arrays in displays, significantly enhancing backlight control for better contrast and black levels in devices like TVs and monitors.
O2Micro International Limited (OIIM) will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 4 PM Eastern. The company is a leader in integrated circuits and solutions, focused on high-performance power management components for various markets including Computer, Consumer, Industrial, and Automotive. This conference offers an opportunity for O2Micro's leadership to present insights and developments in their innovative product offerings.
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