PRNewswire: Omnivision reports quarterly results for its fiscal quarter ended on April 30, 2015.
Revenues for the fiscal year ended April 30, 2015 were $1.4 billion, as compared to $1.5 billion in fiscal 2014. GAAP net income for fiscal 2015 was $93.4 million, as compared to $95.0 million a year ago.
Revenues for the last quarter were $285.9 million, as compared to $292.3 million in the previous quarter, and $331.0 million a year ago. GAAP net income in the last quarter was $6.0 million, as compared to net income of $14.0 million in the previous quarter, and $15.1 million a year ago. GAAP gross margin for the last quarter was 22.4%, as compared to 22.1% for the previous quarter and 20.1% a year ago. The Company ended the period with cash, cash equivalents and short-term investments totaling $524.2 million, an increase of $11.4 million from the previous quarter.
Based on current trends, the Company expects revenues for the next quarter will be in the range of $310 million to $340 million.
SeekingAlpha publishes a trascript of Omnivision's earnings call. There was no Q&A session for some reason. Shaw Hong, Chairman and CEO, says on the acquisition news: "by partnering with the consortium and operating as a private company, we will have more flexibility to innovate and develop new solutions for our customers, which will benefit our employees, customers and business partners. We expect the transaction will close within the next nine to 12 months.
As of today, we have not obtained all the necessary approval, nor have we met the closing conditions. As such, there's no assurance that the proposed acquisition by the consortium will close."