Q4 revenue US$381 million, above the mid-point of the November guidance range. Underlying full year 2019 revenue US$1,420 million, excluding licensed main PMIC products, up 38% year-on-year. Cash and cash equivalents at US$1,025 million.
LONDON, UK / ACCESSWIRE / January 13, 2020 / Dialog Semiconductor Plc (XETRA:DLG), a provider of power management, Configurable Mixed-signal IC, AC/DC, backlighting and Bluetooth(R) low energy wireless technology, today reports Q4 2019 unaudited preliminary revenue of approximately US$381 million (Q4 2018: US$431 million), above the mid-point of the guidance range of US$350 million to US$390 million communicated on 6 November 2019.
Unaudited preliminary revenue and preliminary underlying revenue for the full year 2019 were approximately US$1,566 million and US$1,420 million respectively (FY 2018: US$1,442 million). Underlying preliminary full year revenue excluding licensed main PMIC products was up 38% year-on-year. Connectivity & Audio delivered strong year-on-year revenue growth due to the strong performance of Bluetooth(R) low energy products. Advanced Mixed Signal preliminary revenue was also up year-on-year on the robust performance of backlighting products as well as growth in rapid charge and Configurable Mixed-signal ICs.
The business performance in 2019 gives us a solid foundation to achieve our long-term financial targets.
Dialog remains a highly cash generative business and at 31 December 2019 the Company held preliminary cash and cash equivalents of approximately US$1,025 million, representing a year-on-year increase of approximately US$347 million.
The Company will publish its audited results for the year ended 31 December 2019 on 4 March 2020.
For further information please contact:
Head of Investor Relations
T: +44 (0)1793 756 961
FTI Consulting London
T: +44 (0)20 3727 1137
FTI Consulting Frankfurt
T: +49 (0) 69 9203 7120
Dialog and the Dialog logo are registered trademarks of Dialog Semiconductor Plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2020 Dialog Semiconductor. All rights reserved.
Director, Investor Relations
SOURCE: Dialog Semiconductor Plc.
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