Seeking Alpha

OmniVision +18.4% AH on big FQ4 beat, strong guidance

  • OmniVision (OVTI) expects FQ1 revenue of $360M-$400M, far above a $304.9M consensus. EPS guidance of $0.29-$0.49 is largely above a $0.29 consensus.
  • The image sensor vendor says it has made "meaningful progress" in its efforts to diversify into new geographies (read: become less dependent on Apple), and to grow its automotive/security product sales.
  • Gross margin rose 50 bps Q/Q and 260 bps Y/Y in FQ4 to 20.1% thanks to sales of "newer and lower cost products." GAAP opex rose 12% Y/Y to  $52.4M.
  • OmniVision, which currently has a market cap of $1.34B, ended FQ4 with $450.9M in cash and just $35.8M in debt. The company doesn't yet pay a dividend.
  • FQ4 results, PR
Comments (1)
  • Matt-Man
    , contributor
    Comments (516) | Send Message
    Should announce buybacks with this valuation
    29 May, 05:34 PM Reply Like
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