Adata: Fiscal 4Q12 Financial Results

(in NT$ million)	4Q11	4Q12	FY11	FY12
Revenues	8,476	7,200	30,267	28,200
*Growth*		-15%		*-7%*
Net income (loss)	271	151	63	540

ADATA Technology Co., Ltd announced fourth quarter and fiscal year end 2012 financial results.

Benefiting from the recovery of DRAM prices, fourth quarter gross margin improved to 11.09% on a consolidated basis.

Consolidated revenue for the fourth quarter was NT$7.2 billion, an increase of 1% sequentially. Net income after tax was NT$151.3 million, an increase of 333% quarter-on-quarter. Based on 211 million outstanding shares, earnings per share was NT$0.72.

In 2012, ADATA consolidated revenue was NT$28.2 billion, a decrease of 6.84% year over year. Gross margin increased from 6.05% in 2011 to 8.46% in 2012. Net income after tax was NT$640 million, an increase 760% year over year. Earnings per share was NT$3.04.

Looking ahead to the first half of 2013, with commodity DRAM output declining, the prices for commodity DRAM will have strong support. NAND flash makers plan to slow new capacity expansion, and several new handheld devices will be announced after the middle of the second quarter, indicating that the outlook for NAND flash prices may be quite positive.