• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Mobile Sector is Synaptics’ Bread and Butter in Q2 Update

February 8, 2019

Mobile Sector is Synaptics' Bread and Butter in Q2 Update

Synaptics has issued its latest quarterly report, showing steady sequential progress.

For the quarter ended December 29th, 2018 – Q2, in Synaptics’ fiscal year – the company brought in net revenues of $425.5 million, a decrease of one percent year over year, but an increase of two percent with respect to its Q1 results. In terms of net result, however, the company delivered an outstanding year over year performance, with a GAAP net income of $12.8 million, compared to a loss of $82.4 million in the same period a year ago.

As for where those results came from, the mobile sector was Synaptics’ biggest source of business, accounting for 64.5 percent of its revenue mix. Mobile revenues came in at $274.4 million, an increase of four percent sequentially and five percent year over year.

Revenues from its Internet of Things business, meanwhile, were down 18 percent year over year but up one percent sequentially, at $87.2 million; and PC products brought in $63.9 million, an increase of four percent from the same period last year but a sequential drop of seven percent.

In a statement, Synaptics CEO Rick Bergman emphasized the “very strong second quarter results” and the company’s “increased operating leverage”, which he attributed to “smart decisions we have made as we transition to a more diversified company with a broader product line and customer base.” The company also announced the resignation of SVP and CFO Wajid Ali, who has accepted an executive position at another firm, asserting that the move “is not a result of any disagreement with the Company or any matter relating to the Company’s operations, accounting or other policies, or practices.” Ali has been replaced by Kermit Nolan, who will serve as Interim Chief Financial Officer while the company searches for a new CFO.

Looking ahead, Nolan said Synaptics has a backlog of $255 million, which, together with customer forecasts and other factors leads the company to “anticipate revenue for the third quarter of fiscal 2019 to be in the range of $340 to $380 million.”

–

February 8, 2019 – by Alex Perala

Related News

  • Synaptics Sets Date for First Quarterly Update Under New CEOSynaptics Sets Date for First Quarterly Update Under New CEO
  • Synaptics’ Q3 Results Show Dip in Mobile, IoT RevenuesSynaptics’ Q3 Results Show Dip in Mobile, IoT Revenues
  • IDEX Execs to Present Q2 Update in PersonIDEX Execs to Present Q2 Update in Person
  • Synaptics Unfazed By Mobile Challenges In Corporate UpdateSynaptics Unfazed By Mobile Challenges In Corporate Update
  • Socure Reports 113 Percent YoY Growth Amid Selfie Biometric BoomSocure Reports 113 Percent YoY Growth Amid Selfie Biometric Boom
  • NEC Fiscal Update Shows COVID-19 Impact and Tentative RecoveryNEC Fiscal Update Shows COVID-19 Impact and Tentative Recovery

Filed Under: News, Stocks Tagged With: Biometric, biometrics, corporate news, corporate updates, fiscal updates, IoT, mobile technology, Q2, quarterly results, Synaptics

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Recent Posts

  • Illinois Lawmakers Are Okay With Face-scanning Drones (Sometimes) – Identity News Digest
  • Worldcoin Raises $115M Series C to Fuel Biometric UBI Efforts
  • Worldcoin, Mobile ID, Biometric Privacy, and More – Identity News Digest
  • Learn How Biometrics Are Fighting AI-Enhanced Fraud with Onfido’s Therese Stowell
  • The Seamless Future of Travel Starts with Passwordless Booking

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics