O2Micro International Limited (OIIM) saw its loss narrow to $1.46 million, or $0.06 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $2.36 million, or $0.09 a share.
Revenue during the quarter grew 15.16 percent to $14.95 million from $12.98 million in the previous year period. Gross margin for the quarter expanded 393 basis points over the previous year period to 52.74 percent. Operating margin for the quarter stood at negative 8.02 percent as compared to a negative 17.60 percent for the previous year period.
Operating loss for the quarter was $1.20 million, compared with an operating loss of $2.28 million in the previous year period.
"The first quarter 2017 financial results were within the range of the guidance that we provided in February as we continue to successfully execute our business objectives" said Sterling Du, O2Micro's Chairman and CEO. "Our second quarter revenue guidance reflects strong design activities in the growth drivers of the consumer and industrial markets which include high end backlighting for the TV, power tools, household appliances, IoT, automotive and smartphones, despite the current dynamic consumer market.
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