IXYS Reports Financial ResultsJanuary 24, 2000 by Jeff Shepard
IXYS Corporation (Santa Clara, CA) recently reported its seventh consecutive quarter of record revenues and twelfth consecutive quarter of increased revenues. For the third quarter ended December 31, 1999 of fiscal 2000, revenues were $19.6 million. This represents a 16.0 percent increase from the prior year quarter revenues of $16.9 million.Net income for the quarter ended December 31, 1999 increased to $1,789,000, or $0.14 per diluted share, compared to net income of $71,000, or $0.01 per diluted share, in the prior year quarter. Gross profit increased to $6.9 million, or 35.4 percent of net sales, for the third quarter of fiscal 2000. This compares with gross profit of $4.8 million, or 28.2 percent of net sales, for the prior year quarter.For the nine months ended December 31, 1999 IXYS reports record revenues of $54.1 million and record gross profit of $18.9 million, or 34.9 percent of net sales. This compares with the prior year nine-month period revenues of $49.6 million and gross profit of $15.4, or 31.0 percent of net sales. For the nine-month period ended December 31, 1999, net income was $4,523,000, or $0.36 per diluted share.