Following a protracted downturn, Parade Technologies (4966 TT) delivered +24%y/y revenue growth driven by both its Display Port (+23%y/y) and its High-Speed Interface Solutions (+30%y/y) segments.
Parade’s gross margin has stabilised at around 43% as strong demand in the High-Speed Interface Solutions segment offset intensified price competition in the Display Panel segment.
Parade finished 2Q24 with NT$10.1bn in net cash on its balance sheet, roughly 16% of its Market Cap.
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