GEORGE TOWN, Grand Cayman, Jan. 04, 2017  -- O2Micro® International Limited (NASDAQ:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today revised its guidance for the fourth quarter of 2016. The company now expects its fourth quarter revenue to be approximately $15.4 million to $15.9 million, an increase of the Company’s previous guidance of $14.7 million to $15.6 million. In addition, gross margin for the fourth quarter is expected to be between 53% and 55%, versus the Company’s previous guidance of 51% to 53%.  The increase in anticipated revenue for the fourth quarter is primarily the result of increased demand for High End TV and Power Tools.  Gross Margins benefitted from continued cost reductions and an improved product mix.

SALT LAKE CITY--- Control4 Corporation (CTRL), a leading global provider of smart-home and networking solutions, today announced financial results for its third quarter ended September 30, 2016.

 

Revenue for the third quarter was $55.2 million, compared to revenue of $43.6 million for the third quarter of 2015, representing year-over-year growth of 27%. Total revenue for the nine months of 2016 grew 26% year-over-year, from $120.3 million to $151.4 million, or 13% after excluding the baseline revenue from recently-acquired Pakedge Device & Software Inc.

 

Net income for the third quarter of 2016 was $1.8 million, or $0.07 per diluted share, compared to net income in the third quarter of 2015 of $1.2 million, or $0.05 per diluted share. Net income for the first nine months of 2016 was $8.9 million, or $0.37 per diluted share, compared to a net loss of $1.0 million, or $0.04 per diluted share, for the first nine months of 2015.

HUTCHINSON, Minn., Sept. 22, 2016 - Hutchinson Technology Incorporated (HTCH) (“HTI”) today announced that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the proposed merger of HTI with and into a wholly owned subsidiary of TDK Corporation (“TDK”).  The early termination of the waiting period under the HSR Act satisfies one of the remaining conditions to the closing of the pending merger.

SUISUN, CA--(Sep 13, 2016) - WPCS International Incorporated (NASDAQ : WPCS ), a full-service low-voltage solutions provider in the business of developing, installing and servicing integrated structured cabling, audio-visual and security systems, today announced that on September 12, 2016, it filed its Form 10-Q, Quarterly Report for the first quarter ended July 31, 2016.

 

Sebastian Giordano, CEO of WPCS, commented, "With more than a $4.7 million swing over the same period last year, going from a net loss to net income to common shareholders, we are pleased with our first quarter results, which continue to demonstrate that we are headed in the right direction. Looking ahead, we have a number of new initiatives in play that we believe will produce solid results in the quarters ahead."