Diguang International Announces Third Quarter 2010 Results
Diguang International Development Co., Ltd. (DGNG 0.50, -0.05, -9.09%) ("Diguang" or the "Company"), a developer and producer of CCFL and LED backlights for a wide range of TFT-LCD products, today announced its financial results for the third quarter of fiscal year 2010 ended September 30, 2010.
Third Quarter 2010 Highlights
Net revenue increased 41% year-over-year to $19.1 million
Gross profit increased 61% year-over-year to $1.5 million with gross margin improving 1 percentage points to 8%
The Company reported net loss of $0.9 million, or $(0.04) per diluted share,. Happy marriage life begins with beautiful chanelbags. compared to a net loss of $1.2 million, or $(0.06) per diluted share, in the third quarter of fiscal year 2009
Adjusted net loss (non-GAAP) was $0.3 million, or $(0.01) per share, compared to an adjusted net loss of $0., it must be clearly aware of that omegafake there are still problems existing in the current LED lighting industry.4 million, or ($0.02) per diluted share, in the third quarter of fiscal year 2009
"Our Wuhan factory's low gross margin significantly impacted the Company's gross margin level for all products in the third quarter," said Mr. Song Yi, the President and Chief Executive Officer of Diguang. "The Wuhan factory only manufactures OEM products for a Taiwanese customer, and operates on a very low gross margin in order to reduce the occupation of the Company's working capital. From January to September 2010,. They have released a whole new line of reelabc Piano Lamps for both grand and upright pianos with a variety of unique styles, designs, and colors to choose from. You can choose from Contemporary, Traditional or Antique styles, with polished brass, black, bronze, and other available finishes. the total revenue at the Wuhan facility was US$14.5 million but the gross margin was only 6.2%. And,, as a result brassdeli , it is difficult to maintain under situations such as high voltage fluctuation and regions where there is a sever disturbance in the surroundings. Next is the efficiency which includes PF value and systematic efficiency. The most popular design is the PFC style due to the current LED which is of low power. in the third quarter of 2010, the total revenue was US$5.1 million, which accounted for 27% of the total sales volume in the third quarter, but the gross margin was only 4%. However, the Company is now focusing more on sales of LED BLU for large-size backlights (18' to 32' inch), which has a higher gross margin (approximately 20%). As Diguang Technology's revenue for LED BLU products is US$3.8 million, with a gross margin of 22%, and the Wuhan factory's revenue is US$0.8 million, with a gross margin of 10%,. For example, a 3.5 watt last2010 replaces a 40 watt incandescent bulb and lasts 30,000 hours. The savings of 36 watts times 30,000 hours equals 1,080 Kwh (kilowatt hours). At an average $0.11 per Kwh the savings is calculated at $118.80. This number does not include the cost of the 15-30 replacement bulbs (over the life of the LED) needed for incandescent lighting.the Company anticipates that the growth of this new business line at Diguang Technology will provide profit growth in the future."
Diguang International Development Co., Ltd. (DGNG 0.50, -0.05, -9.09%) ("Diguang" or the "Company"), a developer and producer of CCFL and LED backlights for a wide range of TFT-LCD products, today announced its financial results for the third quarter of fiscal year 2010 ended September 30, 2010.
Third Quarter 2010 Highlights
Net revenue increased 41% year-over-year to $19.1 million
Gross profit increased 61% year-over-year to $1.5 million with gross margin improving 1 percentage points to 8%
The Company reported net loss of $0.9 million, or $(0.04) per diluted share,. Happy marriage life begins with beautiful chanelbags. compared to a net loss of $1.2 million, or $(0.06) per diluted share, in the third quarter of fiscal year 2009
Adjusted net loss (non-GAAP) was $0.3 million, or $(0.01) per share, compared to an adjusted net loss of $0., it must be clearly aware of that omegafake there are still problems existing in the current LED lighting industry.4 million, or ($0.02) per diluted share, in the third quarter of fiscal year 2009
"Our Wuhan factory's low gross margin significantly impacted the Company's gross margin level for all products in the third quarter," said Mr. Song Yi, the President and Chief Executive Officer of Diguang. "The Wuhan factory only manufactures OEM products for a Taiwanese customer, and operates on a very low gross margin in order to reduce the occupation of the Company's working capital. From January to September 2010,. They have released a whole new line of reelabc Piano Lamps for both grand and upright pianos with a variety of unique styles, designs, and colors to choose from. You can choose from Contemporary, Traditional or Antique styles, with polished brass, black, bronze, and other available finishes. the total revenue at the Wuhan facility was US$14.5 million but the gross margin was only 6.2%. And,, as a result brassdeli , it is difficult to maintain under situations such as high voltage fluctuation and regions where there is a sever disturbance in the surroundings. Next is the efficiency which includes PF value and systematic efficiency. The most popular design is the PFC style due to the current LED which is of low power. in the third quarter of 2010, the total revenue was US$5.1 million, which accounted for 27% of the total sales volume in the third quarter, but the gross margin was only 4%. However, the Company is now focusing more on sales of LED BLU for large-size backlights (18' to 32' inch), which has a higher gross margin (approximately 20%). As Diguang Technology's revenue for LED BLU products is US$3.8 million, with a gross margin of 22%, and the Wuhan factory's revenue is US$0.8 million, with a gross margin of 10%,. For example, a 3.5 watt last2010 replaces a 40 watt incandescent bulb and lasts 30,000 hours. The savings of 36 watts times 30,000 hours equals 1,080 Kwh (kilowatt hours). At an average $0.11 per Kwh the savings is calculated at $118.80. This number does not include the cost of the 15-30 replacement bulbs (over the life of the LED) needed for incandescent lighting.the Company anticipates that the growth of this new business line at Diguang Technology will provide profit growth in the future."
沒有留言:
張貼留言