Diodes Incorporated has introduced a pair of N-channel MOSFETs, offering designers of Voice over Internet Protocol (VoIP) communications equipment a more rugged solution that significantly reduces circuit complexity and cost. The ZXMN15A27K and ZXMN20B28K are specifically designed to meet the stringent requirements of the primary switch position in transformer based Subscriber Line Interface Circuits (SLIC) with DC/DC converters in a variety of VoIP applications, including voice over broadband systems, PBX systems, Cable and DSL gateways. These devices feature breakdown voltages (BVDSS) of 150V and 200V, respectively, and will withstand the high pulse avalanche energy and commutation modes in the SLIC environment without the need for additional protection circuitry. Combined with the right choice of transformer, these MOSFETs are capable of driving line voltages beyond 150V and supplying multiple subscriber lines at loop lengths exceeding 6km.

Diodes Incorporated reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. EBITDA was $21.4 million, a 29% improvement over the $16.6 million for the second quarter and $19.4 million for the third quarter of 2008. Income from operations was $11.232 million against $0.396 million of previous year period. EBITDA (Non-GAAP) was $21.443 million against $19.442 million for the comparable period last year. For the nine months ended September 30, 2009, net loss attributable to stock holders was $6.699 million or $0.16 basic and diluted loss per share attributable to stock holders on net sales of $304.070 million compared to net income attributable to stock holders of $19.582 million or $0.46 diluted earnings per share attributable to stock holders on net sales of $345.645 million for the same period last year. Income from operations was $9.079 million against $31.459 million of previous year period. Adjusted (Non-GAAP) net income was $7.815 million or $0.18 diluted Adjusted (Non-GAAP) earnings per share compared to Adjusted (Non-GAAP) net income of $40.370 million or $0.94 diluted Adjusted (Non-GAAP) earnings per share for the same period last year. EBITDA (Non-GAAP) was $41.577 million against $64.661 million for the comparable period last year. For the fourth quarter of 2009, the company expects revenue to continue to grow and range between $126 million and $130 million. Fourth quarter revenue guidance represents an increase of nearly 50% over the fourth quarter of 2008. In terms of capital expenditures, the company will resume more normalized range of between 10% and 12% of revenues, primarily due to equipment lead times and preliminary forecast of demand growth in the seasonally higher quarters of 2010.

Diodes Incorporated reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $122.1 million, an 18% increase compared to the $103.9 million last quarter and only 9% below the $134 million reported in the third quarter of 2008. GAAP net income was $7 million or $0.16 per diluted share as compared to a net loss of $3 million or negative $0.07 per share last quarter. Non-GAAP adjusted net income was $9 million or $0.21 per diluted share, which excluded net of tax, $1.2 million of non-cash interest expense related to the amortization of debt discount on the convertible senior notes, $900,000 of non-cash acquisition related intangible asset amortization cost, and nominal amounts for restructuring charges and a loss on the extinguished amount of debt. Excluding expense, both GAAP and non-GAAP adjusted diluted EPS would have increased by an additional $0.04 per share. Cash flow for the third quarter amounted to $19.4 million from operations, $15.9 million free cash flow and $16.6 million of net cash flow. Capital expenditures were approximately $6.3 million for the third quarter and $15.8 million year-to-date. For the nine months, the company reported cash flow from operations was $44 million, free cash flow was $31 million and net cash flow was $22.6 million. The company's fourth-quarter revenue guidance represents a decrease of nearly 50% over the fourth quarter of 2008. The company expects revenues to continue to grow sequentially and range between $126 million and $130 million. In terms of capital expenditures, the company will resume more normalized capital expenditure in the range of 10% to 12% of the revenue, primarily due to equipment lead time and initial forecast of demand in the seasonally higher quarter of 2010.