Detail akcie Silicon Mtn Tec Depository Receipt online

Business Summary: SILICON MOTION TECHNOLOGY CORPORATION is a provider of negative-AND (NAND) flash controllers for Solid State Drives (SSDs) and other solid state storage devices. The Company is mainly engaged in the design, development and sale of low-power semiconductor solutions for original equipment manufacturers (OEMs) and other customers in the mobile storage market. The Company is mainly engaged in the development of NAND flash controller integrated circuits (ICs) for solid-state storage devices, as well as specialty radio frequency (RF) ICs for mobile devices. In the mobile storage market, the Company's products are controllers used in SSDs, Embedded Multimedia Cards (eMMCs) and other embedded storage products, as well as flash memory cards, universal serial bus (USB) flash drives and other expandable storage products. The Company's products are used in smartphones, tablets, personal computers (PCs) and other devices.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Silicon Motion Technology Corp. (ADR) revenues increased 53% to $189.3M. Net income increased 58% to $16M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Stock-Based Compensation - R&D decrease of 45% to $2.1M (expense), Stock Based Comp - Gen & Admin decrease of 68% to $603K (expense).