Parade Technologies, Ltd. reported consolidated earnings results for the first quarter of 2013. Consolidated revenue was USD 20.9 million and consolidated net income was USD 1.7 million for the first quarter ended March 31, 2013. It also reported that its basic and fully diluted after-tax earnings per share were USD 0.03 (TWD 0.95) and USD 0.03 (TWD 0.91), respectively. Quarter-over-quarter, in US dollars, consolidated revenue in the first quarter of 2013 decreased 33.96% and consolidated net income decreased 78.02%. As compared to the same period of 2012, first quarter results represented a decrease of 41.12% in consolidated revenue and a decrease of 81.36% in consolidated net income. Based on the current business outlook, management anticipates overall performance for the second quarter of 2013 to be as follows: revenue: USD 24 million to USD 27 million, Gross Margin: 44.5% to 47.5% and Operating Expense: USD 8 million to USD 9 Million.

Parade Technologies, Ltd. announced two DisplayPort-to-VGA converter chips for the personal computer market. These devices feature lower power consumption and smaller package sizes than similar devices on the market. DisplayPort is the latest video interface for the personal computer industry, and DisplayPort is now supported by virtually all computer chip sets. Many computer chip sets no longer support the older VGA video interface, partly because VGA requires a higher output voltage swing that is difficult to support with the sub-micron chip technologies that are now common. For many personal computer users, however, a VGA system output is still required to support legacy VGA displays, including projectors. By adding Parade's new PS8613 DisplayPort-to-VGA converter to a personal computer motherboard, manufacturers can offer a VGA system output even if the host processor and video processor have migrated to the now ubiquitous DisplayPort chip interface. The PS8613 consumes just 0.2 milliwatts in standby mode, helping to extend battery life in portable systems when the VGA output is not in use. The PS8613 requires no firmware, programming, nor any other configuration or interaction from the system host. For new personal computer systems that provide only a DisplayPort output, with no VGA port, the computer industry offers low-cost after-market video format converters, or dongles, that incorporate DisplayPort-to-VGA converters. Parade's new PS8617 DisplayPort-to-VGA converter is designed to be used in such converter devices. The PS8617 includes a ROM memory interface for device firmware, allowing the PS8617 to be optimized for specific video adapter and system peripheral applications. The PS8613 and PS8617 support VGA output resolutions up to 1920x1200 (WUXGA) at 60Hz refresh, and are compatible with both DisplayPort 1.1 and 1.2 source devices. The devices accept one or two Main Link lanes with link rates of 1.62 or 2.7 Gigabits-per-second at the DisplayPort input. Optional device control is provided through a dedicated I2C interface. According to independent market research estimates, more than 400 million DisplayPort-enabled systems will ship annually by 2014. As an acknowledged industry leader in DisplayPort-enabling technology, Parade is a leading supplier of DisplayPort conversion devices. The company's product portfolio includes a range of devices for converting DisplayPort to LVDS, DVI, HDMI, and VGA.

Parade Technologies, Ltd. announced that they will report Q1, 2013 results on May 02, 2013