EXHIBIT 99.2
EXHIBIT 99.2
O Micro
Breathing Life into Mobility
C
ing and Delivering Advanced Solutions for Industry Leaders!
PO2WER
MANAGEMENT
2004 NNUAL REPORT
NSDAQ: OIIM
WW.o2micro.cm
O2Micro Facts and Figures
Annual Revenue
$Million
100 90 80 70 60 50 40 30 20 10 0
40.4 45.8 70.2 88.6 92.2
'
'01 '02 ' 3 '04
&D Expendtures as a Percentage of Revenue
25 20 15 10 5 0
240% 31.3% 27.% 21.7% 22.0%
9.7 1.18.9 192 20.3
% of Revnue
35% 2
5 5
Net Inome
ilin
4 12
8 6 4 2 0
165
12
53149153
66 5.6
.7 13.2 14.
8
1
2 9 6 3
Icome From Oprations
6 4 2
8 6 4 2 0
58
9
Earnigs Per Share (Dilutd)
5 3 05
.15 0.1 .5 0
01
6 27 03
5
Cash Flw From Operations
1 95 9.14.8 1.1
Sharehlders quity
8
60 140
0 1080 60 40 20
79 284 3.1 54.7 170.8
OMicro Breathing Life into Mobility
To Our Shareholders
We are plesd with the record performance of O2Micro in 2004. Revenue and net income grew to record high levels and investment in R&D was increased for the year.
Fiscl year 2004 marks our 10th consecutive year of revenue growth, and 6th cosecutive year of profitability.
Net sales fo fiscal year 2004 grew to $92.2 million, an icrase of 4% ovr $88.6 million for the pvious year. Nt income was $14.1 million, n increase of 7% ovr
fiscal yar 2003. We contiue to invest significntly iR&D, with xpenditures in 2004 o $20.3 millin, or 22% of revenue.
2Micro tgets the Cmputr, C
umer, Industrial and Communictions markets wth its brad portfoli of products ad intellcual property that provide high
perfomance poer mnagement ad secuity souions.
he Cmputr mkt cntinues t
rquire mre performace it lss power consumpion. O2Micr's sysm level exprtisand analog-mixed sgnal IC
sign skills
rvid
uprir, co- f
tivystem levl peformnce.
nsumr a
t is rwing sgnifcatl, f
led by the acceleratig acceptae by consumers f ttractively prc
LCD TV, LCD monitor, ad prtable hand held
dvies. OMcro integratd ccuits, includg disply bklight iverrs
ower maaemnt unis, provid the high perf