CipherLAB today announced the first quarter consolidated revenue of NT$ 300 million, a 9.5% decrease compared to the same period of 2007, and net income of NT$38 million, a 29.5% decrease compared to the same period of 2007 and earnings per share of NT$ 0.55.
1. Gross margin was 46%, 13 percentage points lower than 1Q08.
This is mainly driven by a large scale project with a special pricing and production decline.
2. Operating expenses was 36%, 23 percentage points higher than 1Q08.
Total operating expenses for 1Q09 was NT$109.79 million, representing 36% of net sales, The increase is mainly caused by increased more R&D employees and related product development expenses.
3. Net profit margin was 13%, 3 percentage points lower than 1Q08.
4. Product Mix for 2008 was 73%, 17% and 10% for Mobile computer, Hand-held scanner and others, respectively.
5. Regional sales contribution: Direct account: 16%, America: 40%, Asia-Pac: 11%, EMEA: 28% and China: 5%.