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Financial Highlights:
Q325 consolidated revenue US$146.14 million, compared with US$136.25 million in the year-ago quarter
Q325 consolidated net income US$27.24 million; Basic and Fully diluted after-tax EPS US$0.35 (NT$10.45) and US$0.35 (NT$10.43), respectively
SAN JOSE, Calif., October 29, 2025--(BUSINESS WIRE)--Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the third quarter fiscal year 2025 ended September 30, 2025, and provided guidance for the fourth quarter of fiscal year 2025.
Consolidated revenue was US$146.14 million and consolidated net income was US$27.24 million. Basic and fully diluted after-tax earnings per share ("EPS") were US$0.35 (NT$10.45) and US$0.35 (NT$10.43), respectively. These results compared to consolidated revenue US$136.25 million and consolidated net income of US$23.58 million, or US$0.30 (NT$9.57) and US$0.30 (NT$9.54) per basic and fully diluted share, in the year-ago quarter.
In US dollars, the third quarter of 2025 consolidated revenue increased 9.47% sequentially and was up 7.26% year-over-year.
The gross profit in the third quarter of 2025 was US$62.11 million, representing an increase of 7.93% from the previous quarter and an increase of 7.19% compared to the same quarter of last year.
On September 3, 2025, Parade introduced the availability of four new PCIe Gen6 (64GT/s) linear redrivers for server, storage and high performance AI scale-up Data Center cabling solutions. With industry leading linearity, the PCIe Gen6 family of redrivers provide programmable EQ boosts up to 18dB, while operating from a single supply. The PS8594/PS8598/PS8596 devices utilize Parade Speed Migration Path (PSMP) methodology – matching the Intel PCIe 6.0 Standard Ball Map – for easier highspeed routing and evaluation and between PCIe retimers and Parade Linear redrivers. Fully compatible with all previous PCIe specifications, the PS859X series is an excellent choice for motherboard, backplane, AIC and cable applications.
On September 17, 2025, Parade announced the availability of the PS8780 USB4 Version 2 (USB4v2) Gen 4 / TBT5 / DP 2.1 Alt Mode bi-directional linear redriver for active cable and NB/PC/WS system applications. It is pin compatible with the PS8778 USB4 Gen 3 / TBT4 / DP 2.1 Alt Mode bi-directional linear redriver. The PS8780 supports USB4v2 up to Gen 4×2 or 2x 40Gbps symmetric and 120Gbps asymmetric modes, TBT5 2×41.25Gbps, and DP 2.1 Alt Mode UHBR20 link rates. It implements USB4, USB 3.2 and DP 2.1a power management including DP 2.1a Advanced Link Power Management (ALPM). Its low power design and Modern Standby support greatly extend battery life for mobile devices and minimize power consumption for active cables. PS8780 comes in a very small package, ideal for cables or space constrained designs.
Based on current business outlook, Parade is providing the following guidance for the fourth quarter of fiscal 2025:
Revenue: US$123.50 ~136.50 Million
Gross Margin: 42% ~46%
Operating Expense: US$33.0 ~36.0 Million
The financial figures detailed above for the third quarter of 2025 have been reviewed by independent accountants.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. is a leading supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange ("TPEx") in 2011 (stock code: 4966). Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs for display, storage and interface applications.
In addition to being a technology innovator, Parade is an active participant and leader in industry standards-setting organizations. Parade Technologies, Inc., a wholly owned US-based subsidiary of Parade Technologies, Ltd., is a member of VESA (Video Electronics Standards Association). Parade Technologies, Inc. has made key contributions to the development of VESA’s DisplayPort™ digital video interface standard.
Parade leverages its close relationships with market leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s "standards-plus" design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.
Parade Technologies, Ltd. and Subsidiaries.
The reader is advised that these consolidated financial statements have been prepared originally in NT$ and conformed with the adoption of IFRSs. In the event of any differences between NT$ and US$ version, the NT$ version shall prevail.
UNAUDITED CONSOLIDATED | USD in Thousands | NTD in Thousands | ||||||||||||||||||||||
INCOME STATEMENTS | Sequential Quarter | Three Months ended | Nine Months ended | Sequential Quarter | Three Months ended | Nine Months ended | ||||||||||||||||||
Sep 30, | Jun 30, | Sep 30, | Sep 30, | Sep 30, | Sep 30, | Sep 30, | Jun 30, | Sep 30, | Sep 30, | Sep 30, | Sep 30, | |||||||||||||
2025 | 2025 | 2025 | 2024 | 2025 | 2024 | 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue | 146,144 | 133,499 | 146,144 | 136,246 | 405,870 | 378,395 | 4,377,025 | 4,114,434 | 4,377,025 | 4,400,736 | 12,643,058 | 12,125,112 | ||||||||||||
Cost of goods sold | 84,033 | 75,954 | 84,033 | 78,299 | 232,492 | 217,213 | 2,516,771 | 2,340,907 | 2,516,771 | 2,529,059 | 7,242,360 | 6,960,530 | ||||||||||||
Gross profit | 62,111 | 57,545 | 62,111 | 57,947 | 173,378 | 161,182 | 1,860,254 | 1,773,527 | 1,860,254 | 1,871,677 | 5,400,698 | 5,164,582 | ||||||||||||
Research & development expenses | 23,387 | 23,467 | 23,387 | 22,752 | 69,476 | 68,755 | 700,435 | 723,275 | 700,435 | 734,893 | 2,167,740 | 2,202,540 | ||||||||||||
Sales & marketing expenses | 7,117 | 6,449 | 7,117 | 7,014 | 19,950 | 21,981 | 213,165 | 198,745 | 213,165 | 226,551 | 621,879 | 704,054 | ||||||||||||
General & administrative expenses | 4,485 | 4,637 | 4,485 | 4,849 | 13,854 | 14,702 | 134,356 | 142,875 | 134,356 | 156,632 | 432,883 | 470,803 | ||||||||||||
Total operating expenses | 34,989 | 34,553 | 34,989 | 34,615 | 103,280 | 105,438 | 1,047,956 | 1,064,895 | 1,047,956 | 1,118,076 | 3,222,502 | 3,377,397 | ||||||||||||
Operating income | 27,122 | 22,992 | 27,122 | 23,332 | 70,098 | 55,744 | 812,298 | 708,632 | 812,298 | 753,601 | 2,178,196 | 1,787,185 | ||||||||||||
Non-operating income | 2,309 | 2,229 | 2,309 | 3,072 | 6,687 | 8,465 | 69,163 | 68,693 | 69,163 | 99,235 | 208,529 | 271,435 | ||||||||||||
Income before income taxes | 29,431 | 25,221 | 29,431 | 26,404 | 76,785 | 64,209 | 881,461 | 777,325 | 881,461 | 852,836 | 2,386,725 | 2,058,620 | ||||||||||||
Income tax expense | 2,188 | 2,434 | 2,188 | 2,822 | 6,563 | 4,836 | 65,541 | 75,009 | 65,541 | 91,135 | 204,388 | 155,464 | ||||||||||||
Net income | 27,243 | 22,787 | 27,243 | 23,582 | 70,222 | 59,373 | 815,920 | 702,316 | 815,920 | 761,701 | 2,182,337 | 1,903,156 | ||||||||||||
EPS - Basic (In Dollar) | $0.35 | $0.29 | $0.35 | $0.30 | $0.89 | $0.74 | $10.45 | $8.95 | $10.45 | $9.57 | $27.63 | $23.87 | ||||||||||||
Shares used in computing EPS-Basic (In thousands) | 78,059 | 78,464 | 78,059 | 79,629 | 78,973 | 79,737 | 78,059 | 78,464 | 78,059 | 79,629 | 78,973 | 79,737 | ||||||||||||
EPS - Diluted (In Dollar) | $0.35 | $0.29 | $0.35 | $0.30 | $0.89 | $0.74 | $10.43 | $8.92 | $10.43 | $9.54 | $27.52 | $23.76 | ||||||||||||
Shares used in computing EPS-Diluted (In thousands) | 78,230 | 78,722 | 78,230 | 79,836 | 79,303 | 80,106 | 78,230 | 78,722 | 78,230 | 79,836 | 79,303 | 80,106 | ||||||||||||
UNAUDITED CONSOLIDATED BALANCE SHEETS | USD in Thousands | NTD in Thousands | ||||||||||
As of September 30, 2025 and 2024 | Sep 30, | Sep 30, | Sep 30, | Sep 30, | ||||||||
2025 | 2024 | 2025 | 2024 | |||||||||
Current assets | ||||||||||||
Cash & cash equivalents | 321,937 | 304,902 | 9,802,985 | 9,650,152 | ||||||||
Accounts receivable, net | 60,357 | 54,152 | 1,837,871 | 1,713,915 | ||||||||
Inventories, net | 106,006 | 110,296 | 3,227,886 | 3,490,868 | ||||||||
Other current assets | 23,142 | 23,486 | 704,680 | 743,341 | ||||||||
Total current assets | 511,442 | 492,836 | 15,573,422 | 15,598,276 | ||||||||
Non-current assets | ||||||||||||
Property, plant and equipment, net | 9,770 | 10,604 | 297,476 | 335,622 | ||||||||
Right-of-use assets | 12,135 | 8,514 | 369,504 | 269,463 | ||||||||
Intangible assets | 111,738 | 100,239 | 3,402,430 | 3,172,557 | ||||||||
Deferred income tax assets | 11,737 | 12,433 | 357,378 | 393,502 | ||||||||
Other non-current assets | 145,353 | 156,286 | 4,425,999 | 4,946,461 | ||||||||
Total non-current assets | 290,733 | 288,076 | 8,852,787 | 9,117,605 | ||||||||
Total Assets | 802,175 | 780,912 | 24,426,209 | 24,715,881 | ||||||||
Current Liabilities | ||||||||||||
Accounts payable | 40,117 | 48,733 | 1,221,549 | 1,542,412 | ||||||||
Other payables | 25,499 | 25,609 | 776,459 | 810,539 | ||||||||
Current income tax liabilities | 13,627 | 12,169 | 414,940 | 385,147 | ||||||||
Lease liabilities - current | 4,167 | 3,492 | 126,887 | 110,505 | ||||||||
Other current liabilities | 8,983 | 6,321 | 273,530 | 200,058 | ||||||||
Total current liabilities | 92,393 | 96,324 | 2,813,365 | 3,048,661 | ||||||||
Non-current Liabilities | ||||||||||||
Lease liabilities - non-current | 7,968 | 5,022 | 242,617 | 158,958 | ||||||||
Total non-current liabilities | 7,968 | 5,022 | 242,617 | 158,958 | ||||||||
Equity | ||||||||||||
Ordinary shares | 26,388 | 26,730 | 800,578 | 811,610 | ||||||||
Capital reserves | 107,858 | 136,328 | 3,271,537 | 4,189,121 | ||||||||
Retained earnings | 616,888 | 566,617 | 18,457,171 | 16,880,227 | ||||||||
Other equity | (2,801 | ) | (3,262 | ) | 355,146 | 1,139,130 | ||||||
Treasury shares | (46,519 | ) | (46,847 | ) | (1,514,205 | ) | (1,511,826 | ) | ||||
Total equity | 701,814 | 679,566 | 21,370,227 | 21,508,262 | ||||||||
Total liabilities and equity | 802,175 | 780,912 | 24,426,209 | 24,715,881 | ||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS | USD in Thousands | NTD in Thousands | ||||||||||
Sep 30, | Sep 30, | Sep 30, | Sep 30, | |||||||||
2025 | 2024 | 2025 | 2024 | |||||||||
Cash flows from operating activities | ||||||||||||
Income before income tax for the period | 76,785 | 64,209 | 2,386,725 | 2,058,620 | ||||||||
Depreciation and amortization (including the right-of-use assets) | 18,764 | 16,130 | 585,810 | 516,652 | ||||||||
Loss on disposal of equipment | - | 22 | - | 694 | ||||||||
Loss on disposal of intangible assets | - | 356 | - | 11,415 | ||||||||
Share-based compensation cost | 15,101 | 22,833 | 470,995 | 721,721 | ||||||||
Interest income | (6,627 | ) | (8,287 | ) | (206,376 | ) | (265,706 | ) | ||||
Income and expenses having no effect on cash flows | 27,238 | 31,054 | 850,429 | 984,776 | ||||||||
Accounts receivable | (12,646 | ) | (49 | ) | (385,061 | ) | (1,547 | ) | ||||
Inventories | 15,454 | 12,589 | 470,567 | 398,435 | ||||||||
Other current assets | (23,802 | ) | (24,519 | ) | (736,072 | ) | (748,986 | ) | ||||
Net changes in assets relating to operating activities | (20,994 | ) | (11,979 | ) | (650,566 | ) | (352,098 | ) | ||||
Accounts payable | (171 | ) | (2,294 | ) | (5,216 | ) | (72,600 | ) | ||||
Accrued expenses | (7,169 | ) | (6,428 | ) | (218,282 | ) | (203,433 | ) | ||||
Other current liabilities | 3,083 | (760 | ) | 93,886 | (24,067 | ) | ||||||
Net changes in liabilities relating to operating activities | (4,257 | ) | (9,482 | ) | (129,612 | ) | (300,100 | ) | ||||
Cash inflow generated from operations | 78,772 | 73,802 | 2,456,976 | 2,391,198 | ||||||||
Interest received | 6,627 | 8,287 | 206,376 | 265,706 | ||||||||
Income taxes paid | (3,724 | ) | (3,002 | ) | (116,275 | ) | (96,164 | ) | ||||
Income taxes received | 4 | - | 118 | 1 | ||||||||
Net cash provided by operating activities | 81,679 | 79,087 | 2,547,195 | 2,560,741 | ||||||||
Cash flows from investing activities | ||||||||||||
Acquisition of equipment | (3,304 | ) | (2,670 | ) | (103,149 | ) | (85,510 | ) | ||||
Acquisition of intangible assets | (137 | ) | (277 | ) | (4,274 | ) | (8,874 | ) | ||||
Decrease in refundable deposits | 4,036 | 4,462 | 122,907 | 141,233 | ||||||||
Increase in other prepayments | (7,779 | ) | (15,407 | ) | (242,884 | ) | (493,499 | ) | ||||
Acquisition of business combinations | (9,000 | ) | - | (292,410 | ) | - | ||||||
Net cash flows used in investing activities | (16,184 | ) | (13,892 | ) | (519,810 | ) | (446,650 | ) | ||||
Cash flows from financing activities | ||||||||||||
Repayment of the principal portion of lease liabilities | (3,011 | ) | (2,860 | ) | (94,012 | ) | (91,613 | ) | ||||
Purchase of treasury shares | (45,790 | ) | (28,581 | ) | (1,497,643 | ) | (926,309 | ) | ||||
Treasury shares reissued to employees | 23,576 | 26,395 | 757,965 | 807,932 | ||||||||
Distribution of cash dividends | (40,339 | ) | (32,487 | ) | (1,294,697 | ) | (1,015,560 | ) | ||||
Cash dividend regain from canceled share-based compensation | 81 | 59 | 2,533 | 1,864 | ||||||||
Net cash flows used in financing activities | (65,483 | ) | (37,474 | ) | (2,125,854 | ) | (1,223,686 | ) | ||||
Effect of exchange rate changes | 732 | 802 | (630,448 | ) | 272,146 | |||||||
Net increase (decrease) in cash and cash equivalents | 744 | 28,523 | (728,917 | ) | 1,162,551 | |||||||
Cash and cash equivalents at beginning of period | 321,193 | 276,379 | 10,531,902 | 8,487,601 | ||||||||
Cash and cash equivalents at end of period | 321,937 | 304,902 | 9,802,985 | 9,650,152 | ||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20251028375572/en/
Contacts
Parade Technologies
Yo-Ming Chang, +886-2-2627-9109
ir@paradetech.com
