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SAN JOSE, CA - Techpoint, Inc. (no ticker symbol provided), a semiconductor and related devices manufacturer, today disclosed its financial results for the first quarter ended March 31, 2025, as part of its latest SEC Form 8-K filing.
The company presented a reconciliation of its non-GAAP financial measures to the most directly comparable GAAP financial measures. For the three months ended March 31, 2025, Techpoint reported GAAP income from operations of $1,972,000 and a GAAP net income of $2,319,000. Adjustments were made for stock-based compensation expenses amounting to $371,000. After adjusting for taxes at an assumed effective tax rate of 11.59% for fiscal 2025, the non-GAAP net income totaled $2,647,000.
Comparatively, for the three months ended March 31, 2024, the GAAP income from operations was $4,192,000, with a GAAP net income of $4,380,000. The stock-based compensation expense for the period was $399,000. Adjustments for taxes at an assumed effective tax rate of 11.79% for fiscal 2024 resulted in a non-GAAP net income of $4,732,000.
Techpoint uses non-GAAP measures to provide a better understanding of the company’s financial performance and prospects for the future, excluding certain expenses that management believes are not indicative of the company’s core operating results. These non-GAAP financial measures are used by management for assessing the company’s performance, allocating resources, and planning future periods.
The company’s financial results are based on information contained in its SEC Form 8-K filing and are not indicative of future performance. The non-GAAP financial information is provided to supplement the GAAP results and should not be considered a substitute for financial results presented in accordance with GAAP. The non-GAAP financial measures may differ from similar measures used by other companies.
The financial statements and exhibits included in the filing are available for review, with the cover page interactive data file contained in Exhibit 101.
This news summary is based on information from Techpoint, Inc.’s SEC filing and does not include any speculative statements or forward-looking information.
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