SIMO [Silicon Motion Technology] 6-K: Silicon Motion Announces Preliminary Fourth Quarter 2018 Revenue

Ticker: SIMO, Company: Silicon Motion Technology CORP, Type: 6-K, Date: 2019-01-09
Original SEC Filing: Click here


Webplus: SIMO/20190109/6-K/2_EX-99.1/000.htm SEC Original: d624615dex991.htm
Silicon Motion Announces Preliminary Fourth Quarter 2018 Revenue and Earnings Conference Call Details (non-GAAP) TAIPEI, Taiwan and MILPITAS, Calif., January 8, 2019 – Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces that based on its preliminary fourth quarter financial results, revenue is



s:7807:" EX-99.1 2 d624615dex991.htm EX-99.1

Exhibit 99.1

LOGO

Silicon Motion Announces

Preliminary Fourth Quarter 2018

Revenue and Earnings Conference

Call Details

TAIPEI, Taiwan and MILPITAS, Calif., January 8, 2019 – Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces that based on its preliminary fourth quarter financial results, revenue is expected to be within the lower half of the original guidance range of $120.5 million to $127.5 million that the company issued on October 31, 2018. Gross margin(non-GAAP) is expected to be at the lower half of the company’s original guidance range of 50.0% to 52.0%.

The Company will release its fourth quarter 2018 financial results after the market closes on January 29, 2019 and will host a conference call on January 30, at 8 am Eastern Time.

(Speakers)

Wallace Kou, President & CEO

Riyadh Lai, CFO

Jason Tsai, Senior Director of Investor Relations & Strategy

CONFERENCE CALL ACCESS NUMBERS:

USA (Toll Free): 1 866 519 4004
USA (Toll): 1 845 675 0437
Taiwan (Toll Free): 080 909 1568
Participant Passcode: 4485756

REPLAY NUMBERS (for 7 days):

USA (Toll Free): 1 855 452 5696
USA (Toll): 1 646 254 3697
Participant Passcode: 4485756

This call will be webcasted on the Company’s website atwww.siliconmotion.com.


ABOUT SILICON MOTION:

We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers. We have the broadest portfolio of controller technologies and our controllers are widely used in embedded storage products such as SSDs and eMMC+UFS, which are found in smartphones, PCs, commercial and industrial application. We ship over 750 million NAND controllers annually and have shipped over five billion NAND controllers in the last ten years, more than any other company in the world. We also supply specialized high-performance hyperscale data center and industrial SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers, and leading OEMs. For further information on Silicon Motion, visit us atwww.siliconmotion.com.

FORWARD-LOOKING STATEMENTS:

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from these customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; the payment, ornon-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; the effect, if any, on the price of our ADS as a result of the implementation of the announced share repurchase program; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in our customers’ products; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For


additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form20-F filed on April 30, 2018. We assume no obligation to update any forward-looking statements, which apply only as of the date of this press release.

Investor Contacts:

Jason Tsai Selina Hsieh
Senior Director of IR and Strategy Investor Relations
E-mail: ir@siliconmotion.com E-mail: ir@siliconmotion.com
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Webplus: SIMO/20190109/6-K/1/000.htm SEC Original: d624615d6k.htm
Press Release issued by the Company on January 8, 2019. ILICON OTION ECHNOLOGY ORPORATION S



s:2634:" 6-K 1 d624615d6k.htm 6-K


Exhibits

Exhibit 99.1 Press Release issued by the Company on January 8, 2019.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SILICON MOTION TECHNOLOGY CORPORATION
Date: January 8, 2019 By: /s/ Riyadh Lai
Name: Riyadh Lai
Title: Chief Financial Officer

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Company Info:

Ticker: SIMO, Company: Silicon Motion Technology CORP, Type: 6-K, Date: 2019-01-09CIK: 0001329394, Location: F5, SIC: 3674, SIC Desc: SEMICONDUCTORS & RELATED DEVICES
Business Phone & Address:
8F-1, NO. 36, TAIYUAN STREET, JHUBEI CITY
HSINCHU COUNTY, F5 302

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