Yahoo: Omnivision reported improved business results last quarter.
Revenues for last quarter were $105.6M, as compared to $89.1M in the previous quarter, and $174.3M a year ago. Based on current trends, the company expects next quarter revenues will be in the range of $155M to $170M.
Gross margin for the first quarter of fiscal 2010 was 22.4% as compared to 17.0% for the fourth quarter of fiscal 2009 and 25.2% for the first quarter of fiscal 2009. The sequential increase in gross margin resulted primarily from the shipment of fresh inventory at the completion of the Company's inventory reduction effort, combined with an increase in average selling prices due to a more favorable product mix.
Seeking Alpha published Omnivisions quarterly Earnings Call transcript. Some interesting statements from it:
Bruce Wyer, VP Marketing:
"During the first quarter we extended our technology leadership position by announcing our 1.75 micron Omni BSI product family which offers a 50% improvement in low light sensitivity and double signal to noise ratio's resulting in improved color reproduction and image clarity. We are now shipping five Omni BSI products across our 1.4 micron and 1.75 micron families ranging from two megapixel to eight megapixel resolutions.
... according to TSR we have approximately 60% market share in Notebook PC, over 50% share in security and automotive markets and over 30% share in the games and toys market. We also continue to lead the mobile phone market with over 20% of CMOS image sensor shipments."