Q2 2025 eMemory Technology Inc Earnings Call Transcript
Key Points
- eMemory Technology Inc (ROCO:3529) reported a 7.1% increase in revenue in US dollars from the previous quarter and a 7.3% increase year over year.
- The company has achieved over 110 tape-outs related to security IP, indicating strong progress in their technology adoption.
- Licensing revenue increased significantly by 32.4% sequentially and 6.1% year over year, showing strong demand for their IPs.
- The company is advancing development on TSMC's N3P process and 2-nanometer technologies, positioning itself well for future growth.
- eMemory Technology Inc (ROCO:3529) has started receiving PUF-related royalties, which are expected to accelerate royalty growth momentum in the future.
- Net income decreased by 13.4% sequentially and 15.8% year over year, impacted by a foreign exchange loss of around TWD90 million.
- The tape-out volume declined for the second consecutive quarter compared to the same period last year, particularly affecting consumer products.
- The company recorded FX losses in the second quarter, and exchange rates are expected to continue impacting financials in the third quarter.
- There is a current shortage in R&D capacity, primarily concerning the design and development of OTP and security IP for leading-edge process nodes.
- Operating performance has lagged behind TSMC due to slower ASP growth, especially in recent years, as TSMC's growth was driven by higher price leading-edge nodes.
Good afternoon, and welcome to eMemory's second-quarter 2025 webcast investor conference. Joining us today is our Chairman, Dr. Charles Hsu; President, Mr. Michael Ho; Head of IR, Ms. Li-Jeng Chen; and Director of the Finance Department, Mr. Joseph Hsia.
The format of today's event will be as follows. First, eMemory's Chairman, Dr. Charles Hsu, will give an opening remark. Afterwards, our Financial Officer, Mr. Joseph Hsia, will present a review of our operations. Following that, President, Mr. Michael Ho, will share our business outlook. Next, Dr. Charles Hsu will give a talk titled Chipset Supply Chain Secured by NeoPUF.
Then, we will conclude today's conference with the Q&A section, where our management team will answer your questions. (Operator Instructions) As a reminder, this conference is being recorded, and a webcast replay will be available after the conference is finished. For more information, please visit the company's website under the Investor Relations section.
As usual, before we begin, we would like to remind everyone that today's presentation may contain
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
