Pixart Q1 2014 Report

Pixart announces its Q1 2014 report. The revenue slightly decreased by 0.1% QoQ to NT$1,198.5M (39.8M USD). Due to favorable change in product mix and the depreciation of NTD, 2014Q1 gross margin was improved to 44.7% from 42.9% in Q4 2013. The operating margin increased to 7.3% from 5.9% in previous quarter. The net income for Q1 2014 was NT$91.8M (3.05M USD). The proportion of optical mouse sensors in the product mix grew to 90%: