Parade Technologies (4966) Q1 2025 earnings summary

Executive summary

• Q1 2025 consolidated revenue reached $126.23 million, up 4.08% year-over-year and down 0.93% sequentially from Q4 2024.

• Net income for Q1 was $20.19 million, with EPS at $0.25, both basic and fully diluted, compared to $0.23 in the prior year quarter.

• Gross profit for Q1 was $53.72 million, up 3.40% year-over-year and nearly flat sequentially.

• Acquisition of Spectra7 Microsystems' assets completed, enhancing high-speed connectivity portfolio and expanding into data center and AI markets.

Financial highlights

• Q1 revenue: $126.23 million; net income: $20.19 million; gross profit: $53.72 million.

• Year-over-year revenue growth of 4.08%; sequential revenue decline of 0.93%.

• EPS increased to $0.25 from $0.23 year-over-year.

• Gross margin guidance for Q2: 42%-46%.

• Operating expense guidance for Q2: $32 million–$35 million.

Outlook and guidance

• Q2 2025 revenue guidance: $121 million–$134 million.

• Gross margin expected between 42%–46%; operating expenses projected at $32 million–$35 million.

• Q2 demand may be affected by unpredictable tariff developments.

• Seasonality expected to remain similar to previous years unless impacted by tariffs.