O2Micro Hits Profitability and Positive EBITDA in Q2
Operational and Strategic Highlights:
Q2 2020 revenue was 17.3 Million, up 21.1% from the same quarter in the previous year and up 10.9% sequentially and within the range of guidance provided on May 8th, 2020.
GAAP net income per fully diluted ADS in the second quarter of 2020 was 1 cent, with non-GAAP net income of 3 cents per fully diluted ADS.
O2Micro expects the Q3 2020 revenue to be $17.6 million to $19.0 million compared to $16.0 million in the comparable quarter of the previous year.
Stay at home policies helped drive sales of higher end TV, monitors, power tools and electric bikes,”
The Stock Sniper@Ultra_Calls OIIM JUST OUT $21.90 Price Target Upgrade , O2Micro Reached Both Profitability and Positive EBITDA in Q2 After Rightsizing
they are now profitable. Going unprofitable to profitable is a HUGE buy signal for any company