Diodes Reports Third-Quarter 2002 Results
Diodes Inc. (Westlake Village, CA) reported financial results for the third quarter ended September 30, 2002. Revenues for the third quarter of 2002 were $30.3 million, a slight sequential increase from second-quarter revenues of $29.9 million, and a 33.4 percent increase from third-quarter 2001 revenues of $22.7 million.
Net income for the quarter was $1.8 million, as compared to a loss of $847,000 for the three months ended September 30, 2001, and compared to income of $1.6 million in the second quarter ended June 30, 2002. Diluted earnings per share were $0.20 for the third quarter of 2002, as compared to $0.10 for the same period last year, and $0.18 for the second quarter of 2002.
For the first nine months of 2002, the company earned $3.5 million, or $0.40 per diluted share, on revenues of $87.2 million, compared to net income of $199,000, or $0.02 per diluted share, on revenues of $69.4 million for the same period in 2001. Nine-month revenues have increased 25.5 percent compared to last year.