O2Micro International Ltd. (George Town, Grand Cayman), a supplier of power management and security ICs to mobile computer and communications manufacturers, reported its financial results for the second quarter ended June 30, 2003. Net sales for the second quarter were $20.9 million. Second-quarter revenue of $20.9 million was an increase of 8% over the preceding quarter, and 18% over the comparable quarter of the prior year.
Earnings per share for the second quarter, fully diluted, were $0.06 per share, compared to $0.04 per share, in the preceding quarter, and $0.08 in the comparable quarter of the prior year. Net income for the second quarter of $2,439,000 was an increase of 45% from the preceding quarter, and 19% less than the net income for the comparable quarter of the prior year. Second-quarter research and development expenditures were $4,843,000, a decrease of 1% over the preceding quarter, and an increase of 5% over the comparable quarter of the prior year.
