On May 9, US sapphire raw material supplier GTAT released its first-quarter performance report, with operating income of US$22.5 million, which was lower than the consensus estimate of US$26.94 million, and its share price plummeted 5.13%.
The quarterly report showed that gross profit during the GTAT period was $1.9 million, a sharp drop from the $6.8 million in the fourth quarter of last year. The loss per share was 0.22 yuan, which was the same as that of the fourth quarter of last year and was in line with expectations.
President and CEO Tom Gutierrez said in the quarterly report that 2014 will be a key year for the company's transition. He also said that the company will continue to implement investment strategies for new technologies to promote the company's future performance growth. The company relies on Apple's multi-year sapphire material supply agreement and has received four advance payments from Apple. It is expected that its sapphire business will make a significant contribution to the company's revenue this year.
Gutierrez revealed that GTAT's ASF, HiC, DSS solutions and polysilicon business have also attracted more customers' interest. In addition, the company is committed to continuing to advance significant advances in Merlin's solar panel metallization and interconnect solutions, as well as Hyperion ion implanters, which can trigger changes in industry game rules.
GTAT announced its FY2014 performance target: annual operating income of 60-80 million US dollars, gross profit of 25%-27% growth, annual earnings per share of 0.02-0.18 US dollars.
The quarterly report showed that gross profit during the GTAT period was $1.9 million, a sharp drop from the $6.8 million in the fourth quarter of last year. The loss per share was 0.22 yuan, which was the same as that of the fourth quarter of last year and was in line with expectations.
President and CEO Tom Gutierrez said in the quarterly report that 2014 will be a key year for the company's transition. He also said that the company will continue to implement investment strategies for new technologies to promote the company's future performance growth. The company relies on Apple's multi-year sapphire material supply agreement and has received four advance payments from Apple. It is expected that its sapphire business will make a significant contribution to the company's revenue this year.
Gutierrez revealed that GTAT's ASF, HiC, DSS solutions and polysilicon business have also attracted more customers' interest. In addition, the company is committed to continuing to advance significant advances in Merlin's solar panel metallization and interconnect solutions, as well as Hyperion ion implanters, which can trigger changes in industry game rules.
GTAT announced its FY2014 performance target: annual operating income of 60-80 million US dollars, gross profit of 25%-27% growth, annual earnings per share of 0.02-0.18 US dollars.
Rotary Switch
Main Band Switch characteristics as below:
- Providing different rotation angles degree for options.
- Including multiple output digital coding modes.
- Including inhibit and parity signal to avoid error.
- Water and oil resistance. (IP65)
- Gold plating double contact points, stable contact resistance, long service life.
- Easy installation
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