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Preliminary results for the Fourth Quarter of 2014
2015/01/08
Issued on: 2015/1/8
GeoVision announced its preliminary consolidated financial results for the fourth quarter and the fiscal year of 2014.
Net revenues for the fourth quarter at NT$558.3 million:
- Up 0.9% sequentially from NT$553.3 million in the third quarter of 2014.
- Down 0.3% year over year compared to NT$NT$559.9 million in the same period of 2013.
Net revenues for FY2014 at NT$2,222.0 million:
- Slightly down 1.6% compared to NT$2,258.0 million in the fiscal year of 2013
- Sales from DVR products continued to decline due to the security industry shift to networked solutions.
- Despite the competition in the market, the company’s network surveillance products managed a slight growth in shipment volumes and product sales, thanks to the release of Target-series network cameras.
Gross margin for the fourth quarter at 52.0%
- Slightly down 0.1% from 52.1% of the third quarter of 2014
Gross margin for the FY2014 at 53.0%
- Gross margin was down 2% compared to the same period of 2013, mainly due to the products mix change between DVR products and network cameras.
Operating income for the fourth quarter at NT$131.8 million or 23.6% of the revenues
- Down 6.2% sequentially from the third quarter of 2014
- Down 11.8% compared to the same period of 2013.
Operating income for FY2014 at NT$564.4 million or 25.4% of the revenues
- Down 14.1% compared to the year of 2013
Income before tax for the quarter at NT$156.3 million or 28.0% of the revenues
- Up 18.5% sequentially from NT$131.9 million in third quarter of 2014 because of foreign currency exchange gains from US dollars appreciation.
- 4.2% lower compared to NT$163.2 million in the same period of 2013.
- Pre-tax EPS for the quarter at NT$2.23
Income before tax for FY 2014 at NT$589.0 million or 26.5% of the revenues
- Down 16.0% from NT$701.2 million in the year of 2013
- Pre-tax EPS for FY2014 at NT$8.42
Q4 2014 | FY2014 | ||||||
Unit: NT$K | Amount | % | QoQ | YoY | Amount | % | YoY |
Net Sales | 558,336 | 100 | 0.9% | -0.3% | 2,222,014 | 100 | -1.6% |
Gross Profit | 290,258 | 52.0 | 0.6% | -4.7% | 1,177,618 | 53 | -5.1% |
Operating income | 131,750 | 23.6 | -6.2% | -11.8% | 564,412 | 25.4 | -14.1% |
Income before Tax | 156,308 | 28.0 | 18.5% | -4.2% | 589,002 | 26.5 | -16.0% |
Pre-tax EPS (NT$) | 2.23 | 18.5% | -13.0% | 8.42 | -23.6% |
* The figures are un-audited.