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Silicon Integrated Systems Q1 loss narrows YOY

Silicon Integrated Systems Corp. said its normalized net income for the first quarter amounted to a loss of 6 Taiwan cents per share, compared with a loss of 6 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$32.9 million, compared with a loss of NT$34.4 million in the prior-year period.

The normalized profit margin fell to negative 72.0% from negative 69.3% in the year-earlier period.

Total revenue declined 8.1% year over year to NT$45.6 million from NT$49.6 million, and total operating expenses increased year over year to NT$116.6 million from NT$114.2 million.

Reported net income held steady year over year at a loss of NT$55.2 million, or a loss of 10 cents per share.

As of May 10, US$1 was equivalent to NT$32.55.