O2Micro International Limited Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2015; Reports Impairment Charges for Fourth Quarter of 2015; Provides Revenue Outlook for the First Quarter of 2016
For the year, the company's net sales were $54,841,000 against $63,591,000 a year ago. Loss from operations was $14,429,000 against $16,823,000 a year ago. Loss before income tax was $16,455,000 against $13,873,000 a year ago. Net loss was $21,095,000 against $15,057,000 a year ago. Basic and diluted loss per ADS was $0.81 against $0.55 a year ago.
Impairment loss on long-term investments for the quarter was $4,953,000.
For the first quarter of 2016, the company expects revenue to be down 5% to up 2% sequentially.