Parade Technologies, Ltd. (PTCYZ) Q4 2025 Earnings Call Transcript

Operator

Welcome, everyone, to Parade Technologies Limited’s 2025 Fourth Quarter Webcast Investor Conference. Investor Relations of Parade Technologies, Mr. Yo-Ming Chang, will present 2025 fourth quarter and fiscal year 2025 financial results first. [Operator Instructions]. After the presentation there will be a question-and-answer session in English by CEO, Dr. Jack Zhao; and Vice President of Finance, Mr. Kuowei Wu. And we also will remain last 15 minutes for the attendees who would like to ask questions in Chinese. [Operator Instructions] [Foreign Language].

And now I would like to introduce Mr. Yo-Ming Chang, Investor Relations of Parade Technologies. Mr. Chang, please begin.

[Foreign Language].

Yo-Ming Chang
Head of Corporate Governance

Thanks, Jason. Welcome, everyone, to Parade Technologies 2025 Q4 Webcast Investor Conference. Parade Technologies fourth quarter 2025 consolidated revenue was USD 125.22 million and net income was USD 17.53 million. Its both basic and fully diluted after-tax earnings per share were USD 0.22 and USD 0.22, respectively. This readout compared to consolidated revenue USD 127.41 million and net income of USD 21.30 million or USD 0.27 and USD 0.27 per basic and fully diluted share in the year ago quarter. In U.S. dollars, the fourth quarter revenue decreased 14.32% sequentially and was down 1.72% year-over-year.

The gross profit in the fourth quarter of 2025 was USD 52.63 million, a decrease of 15.27% from the previous