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ALi Corporation (3041 TT) today held its fourth quarter online earnings conference and  announced that the company’s accumulated shipments of STB SoC have exceeded 300 million units, representing a CAGR of 43% since 2005 that far surpasses the industry average of 5%. 

The company reported audited consolidated financial results for the fourth quarter ending December 31, 2011 with a revenue of NT$1.12 billion, a gross profit of NT$514.2 million, an operating income of NT$193.8 million, a net income of NT$148.6 million, and an EPS of NT$0.51.

On a year over year basis, fourth quarter revenue increased by 34%, while gross profit increased by 10%, operating income increased by 11%, net income decreased by 11% and EPS decreased by 5%. Compared to the third quarter of 2011, fourth quarter results represented a 19% increase in revenue, a 25% increase in gross profit, a 68% increase in operating income, a 46% decrease in net income, and a 45% decrease in EPS. All figures were prepared in accordance with R.O.C. GAAP.

The significant decrease in net income on a quarter over quarter basis was due to a NT$200 million non-operating income in the third quarter generated as a result of NT dollar depreciation and a one-time income tax refund of nearly NT$175 million. 

The company stated that driven by a faster than expected standard definition to high definition migration around the world as well as the progress of analogue to digital broadcasting transition in the Middle East and Europe, fourth quarter revenue for Retail HD segment increased by more than 80% and even doubled for SD DVB-T segment.  

As to the product line contribution to the fourth quarter revenue, STB and Digital Audio accounted for 92% and 8% respectively. On a quarter over quarter basis, STB increased by 40% while Digital Audio decreased by 56% due to a slow season effect.

Based on different market segments, ALi’s STB market can be categorized into Retail HD, Retail SD Satellite, Retail SD Terrestrial, and Operator, accounting for 48%, 32%, 12%, and 8% of ALi’s STB revenue contribution respectively. 

In terms of geographical revenue breakdown, China accounted for 11% of ALi’s total STB revenue, while Emerging Countries for 48% and Europe/US for 41%.

Looking forward, the President, Ben Lin, stated that driven by new design-wins for Pay-TV business in the emerging countries as well as a strong demand for Retail HD solutions, continuing growth in the first quarter of 2012 is foreseeable especially in Retail HD, Operator, and Retail SD Terrestrial segments. Digital Audio is still in slow season. Guidance for the first quarter revenue is expected to be between 9% and 17% increase quarter on quarter, while gross profit margin between 47% and 48% and operating margin between 17% and 20%.

ALi Corporation, a leading Set-Top Box (STB) system-on-chip (SoC) solution provider, today announced that the company’s accumulated shipments of STB SoC have exceeded 300 million units, representing a CAGR of 43% since 2005 that far surpasses the industry average of 5%. 

 “We are very pleased with our continuing success and the whole company is excited that we have climbed over another hill,” said Ben Lin, President of ALi Corp., “since our first shipment of STB SoC in 2005, we have been expanding our product portfolio from Satellite, Terrestrial, Cable to IP based STB. As of the end of 2011, more than 120 Pay-TV service providers worldwide, Chinese domestic operators included, had adopted our STB solutions and we are still progressively gaining market share in this segment. Furthermore, our first OTT (Over-the-top) SoC went into mass production in late 2011 and we are getting positive feedbacks from customers all over the world. We believe this is one of our major growth drivers in 2012.”

ALi is known for its capabilities to develop best-of-breed total solutions which deliver unparalleled performance with optimised cost structure. These solutions have been widely deployed for analogue to digital signal broadcasting transition globally, as well as adopted by new digital TV services across emerging countries. Over the last couple of years, ALi identified and invested in three important industry trends, including Standard Definition to High Definition broadcasting migration, IP based STB emergence, and Pay-TV business model expansion. As a dedicated global leading STB SoC  provider, ALi is always in sync with industry trends and quick in responding to customer needs. Looking forward, the company is well positioned to ride the wave with full throttle.

“With our proven track records over the past seven years, we are confident and committed to delivering best values to customers and consumers” said Ben Lin, President of ALi Corp.