Yahoo: For the three months ending Jan. 31, Omnivision reported a loss of $18.2M, compared with a profit of $22.5M a year ago. Revenue was $80M compared with $224.9M in the year-ago period. Gross margin for the last quarter was 22.4% as compared to 25.0% for the previous quarter and 27.1% for the year ago one.
The company expects next quarter revenues will be in the range of $60M to $70M and net loss will be between $22.2M and $26.8M.
Shaw Hong, OmniVision's CEO, said in a statement that the company is making targeted expense reductions that should let it grow in the long term.
In the Earnings Call transcript published by Seeking Alpha Omnivision denies losing any market share:
... do you see any kind of share loss or share gain in any particular resolutions or geographies?
Bruce Weyer, VP Marketing
... primary measurements for calendar 2008 would show we believe that we have retained our market share overall.
Okay. So, everything is just a reflection of the end market. It is not any share loss or anything like that?
Yes. We would agree with that.
Doug Freedman - American Technology Research
... Can you talk a little bit about maybe the pricing pressures that you buy in market whether it is about pixel, megapixel VGA and other ratios still are holding up where if you could give us what those ratios are out in the past you have given them out.
Ray Cisneros, VP Sales
... The ratio is still remain the same roughly VGA and then 1 megapixel about 2X and 2 megapixels about two to three X and now 3 megapixel closer to 3X. The issue with the pricing pressure is really a reflection of the economy, and so as you may have noted in our average ASP coming down to $1.43.
On the positive side, it looks that the company won some first-tier design wins:
During the quarter, we have multiple design wins for both our 1.4 micron and 1.7 micron BSI products. These wins included Tier-1 customers in multiple applications, multiple geographic regions and across all sense of resolutions. We are very enthusiastic about the reception we have seen for BSI and have received in-customer validation on our leadership and image quality. We believe that revenues from these BSI wins will begin to ramp in the first quarter of fiscal 2010.
As for our CameraCube products, we have locked down several design wins in Tier-1 OEM customers over several regions. CameraCube products will begin to contribute to revenue starting in April 2009 and ramp significantly thereafter.