Following the cancellation of APEC 2020, PI is bringing you all the great things we planned for the show through our new virtual booth. Highlights include PowiGaN-based InnoSwitch3 offline flyback switcher ICs, BridgeSwitch motor driver ICs for single- and multi-phase BLDC motors, 900 V switcher ICs for regions with unstable mains voltage and the new AEC-Q100 qualified SCALE-iDriver SiC gate driver ICs.
Power Integrations today announced financial results for the quarter and year ended December 31, 2019. Net revenues for the fourth quarter were $114.5 million, flat compared to the prior quarter and 23 percent from the fourth quarter of 2018. Net income was $158.3 million or $5.28 per diluted share, compared to $0.57 per share in the prior quarter and $0.77 in the fourth quarter of 2018. Cash flow from operations was $182.2 million for the fourth quarter.
Power Integrations will release its fourth-quarter and full-year financial results after market hours on Thursday, January 30, 2020. The company will conduct a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can join the call by dialing 1-647-689-4187. Live and archived audio webcast of the conference call will be available on the company’s website at investors.power.com
Power Integrations today announced financial results for the quarter ended September 30, 2019. Net revenues for the third quarter were $114.2 million, an increase of 11 percent from the prior quarter and four percent from the third quarter of 2018. Net income was $17.1 million or $0.57 per diluted share, compared to $0.37 per diluted share in the prior quarter and $0.59 per diluted share in the third quarter of 2018. Cash flow from operations was $21.8 million for the quarter.