RichWave Technology Corp.
Jun 2019
Vision
World RF IC Leader
by Technology and Innovation
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2019 Q1 P&L
2019 Q1 2018 Q4 QoQ 2018 Q1 YoY
Amount: NT$ MN Amount % Amount % % Amount % %
Net Sales 425 100.0% 606 100.0% -29.9% 662 100.0% -35.8%
Gross Margin 161 37.9% 210 34.6% -23.3% 205 31.0% -21.5%
Operating
Expense174 40.9% 164 27.1% 6.1% 155 23.4% 12.3%
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Operating Profit -13 -3.0% 46 7.5% -128.3% 50 7.6% -126.0%
Non-Op.
Profits(Loss) -1 -0.2% 1 0.2% -200.0% -6 -0.9% 83.3%
Net Income
before Tax-14 -3.2% 47 7.7% -129.8% 44 6.6% -131.8%
Net Income after
Tax-11 -2.6% 40 6.6% -127.5% 36 5.4% -130.6%
EPS -0.18 0.65 0.60
Net Sales 2014-2019
1,716
2,161
2,666 2,650
-0.6%
+24.2%
+25.9%
+23.4%
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Unit: NT$ million
1,382
1,716
425
2014 2015 2016 2017 2018 2019
Gross Margin Trend 2016-2018
30.0%
40.0%
50.0%
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32.5%
37.1%
31.0%
37.9%35.1%
36.3%
32.1%34.6%
31.5% 33.0%33.2%
32.2%
34.6%
0.0%
10.0%
20.0%
2016 2017 2018 2019Q1 Q2 Q3 Q4
Revenue by Products
500
750
51
66
45
38
68
39
64
45
59
21
5 6
13
13
Others
FM
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-
250
1Q'18 2Q'18 3Q'18 4Q'18 1Q'19
522 602
554 510
343
10 59 13 FM
LTE
WiFi
Unit: NT$ Million
High Integration WiFi FEM & High Power PA Gain Weighting
11%
30%34% 33% 31% 28%
2%
3% 3% 4%3%
LNA
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34% 33%40% 37% 39%
12% 14%6% 12% 11%
1Q'18 2Q'18 3Q'18 4Q'18 1Q'19
SW
PA
FEM
Business Highlights – WiFi
Won Broadcom 11ax reference design for platforms
4x4 performance segment – 2G FEM & 5G FEM
2x2 main stream – 5G FEM
Won Quantenna 11ac reference design for platforms
4x4 performance segment & main stream – 5G FEM
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Business Highlights – WiFi
Won WiFi 11ac FEM design for AP/Gateway:
China: Router for China Telecom, 10GPON for China mobile, Enterprise AP for for
Ruiji and H3C, GPON for Nokia Bell
Southeast Asia: GPON home gateway for Reliance, Router for Philippians’
telco, Vietnam telco, DSL for TRUE Thailand telco
EU: Repeater for Telefonica, Home gateway for Liberty Global, Router for
Freebox, DSL for Vodafone, GPON for Russia telco, Router for Italian telco, STB for
France telco, Residential gateway for UK telco, Cable modem & STB for Sagemcom
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America: AP for Netgear, AP/Base station for Arlo, Cable modem for
Mexico, Argentina cable operators, GPON for Brazil telco, GPON for Telmex
Won WiFi FEM/SW design for:
Doorbells for Amazon
Samsung IP Cam
Google home
Business Highlights – Mobile
Started to ship WiFi 11ac 2.4GHz & 5GHz FEMs for:
LG smart phone, Motorola smart phone, Quectel
modules for IoT
Won WiFi 11ac 2.4GHz & 5GHz FEMs design for:
Lenovo PAD, Sharp smart phone
Won LTE LNA design for:
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Samsung smart phone, Quectel LTE modules for IoT
Won WiFi/LTE SW design for:
Motorola smart phone, Nokia feature phone, Lora
modules
Business Highlights – Automotive
Won 2G Rx FEM and 5G full FEM design for WiFimodules for automotive for GM
Won LTE SW design for LTE modules for automotive telematics for Bosch
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