 GEORGE TOWN, Grand Cayman, July 31, 2020 GLOBE NEWSWIRE -- Operational and Strategic Highlights: Q2 2020 revenue was 17.3 Million, up 21.1 from the same quarter in the previous year and up 10.9 sequentially and within the range of guidance provided on May 8th, 2020. GAAP net income per fully diluted ADS in the second quarter of 2020 was 1 cent, with non-GAAP net income of 3 cents per fully diluted ADS. O2Micro expects the Q3 2020 revenue to be 17.6 million to 19.0 million compared to 16.0 million in the comparable quarter of the previous year. O2Micro International Limited NASDAQ: OIIM, a global leader in the design, development and marketing of high-performance integrated circuits and solutions, reported its financial results today for the Second quarter ending June 30, 2020.Financial Highlights for the Second Quarter ending June 30, 2020: O2Micro International Limited the Company reported Q2 2020 revenue of 17.3 million. Revenue was up 10.9 sequentially, and up 21.1 from the same quarter in the previous year. The gross margin in the second quarter of 2020 was 51.2, which was down from 51.9 in the prior quarter, and up from 50.1 in the second quarter of 2019. During the second quarter of 2020, the Company recorded total GAAP operating expenses of 9.5 million, compared to 8.7 million in the first quarter of 2020, and 9.7 million in the year-ago Q2 period. The GAAP operating margins for the second quarter of 2020, the first quarter of 2020, and second quarter of 2019 were 3.9, 3.7, and 18.1, respectively.GAAP net income was 380,000 in Q2 2020. This compares to a GAAP net loss of 1.5 million in the first quarter of 2020 and a GAAP net loss of 2.8 million in Q2 2019. GAAP net income per fully diluted ADS was 0.01 in Q2 2020. This compares to a GAAP net loss per fully diluted ADS of 0.06 in Q1 2020 and a GAAP net loss per fully diluted ADS of 0.11 in Q2 2019.Supplementary Data: The Company ended the second quarter of 2020 with 41.4 million in unrestricted cash and short-term investments or 1.53 per outstanding ADS. The accounts receivable balance was 11.7 million and represented 59 days sales outstanding at the end of Q2 2020. Inventory was 12.4 million or 119 days and turned over 3 times during Q2 2020. As of June 30, 2020, the Company had 53.2 million in working capital and the book value was 74.5 million, or 2.76 per outstanding ADS. As of June 30, 2020, O2Micro International Limited had a total of 289 employees worldwide, including 161 engineers.Management Commentary: Our growth in the first half of 2020 has benefited from successful development of next-Gen products for Top Tier and OEM customers and a market focus on technologies supporting mobile and remote workforces, extended learning and in-home entertainment. Stay at home policies helped drive sales of higher end TV, monitors, power tools and electric bikes, said Sterling Du, O2Micros Chairman and CEO. We are optimistic that our business fundamentals are leading O2Micro back to long term profitability.Conference Call: O2Micro will hold its Second quarter conference call on Friday July 31st, 2020, at 6:00AM. Pacific, 9:00AM Eastern. You may participate using the following dial-in information.Conference ID: 9715102 Participants, Intl Toll: 1 334-777-6978 Participants, USCAN Toll Free: 800-367-2403 Live Webcast: The Call-in Audio Replay will be available following the call from July 31st, 2020 12:00PM Eastern Time US Canada through August 12th, 2020 12:00PM Eastern Time US Canada A online replay will be available on the website for one week.About O2Micro: Founded in April 1995, O2Micro develops and markets innovative power management components for the Computer, Consumer, Industrial, and Automotive markets. Products include Backlighting, Battery Management and Power Management. The Company maintains offices worldwide. Additional Company and product information can be found on the Company website at the O2Micro logo, and combinations thereof are registered trademarks of O2Micro. All other trademarks or registered trademarks are the property of their respective owners.Statements made in this release that are not historical, including statements regarding O2Micro or its managements intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal Securities Laws. Such statements involve risks, speculation and uncertainties that may cause actual results to differ materially from those set forth in these statements or from managements current views and expectations. Risks and uncertainties in this release may include, without limitation, any one or combination of the following: the effect of competitive and economic factors; real property value fluctuations and market demand; legal changes in any relevant rules and regulations pertaining to O2Micros business; changes in technology and industry standards, and O2Micros reaction to those factors; consumer and business buying decisions with respect to our customers products incorporating O2Micros products; continued competitive pressures in the marketplace; the ability of O2Micro to deliver to the marketplace, and stimulate customer demand therein, for new products and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, andor increases in component costs could have on O2Micros gross margins; the inventory risk associated with O2Micros need to order, or commit to order, product components and product capacity in advance of forecast customer orders; the continued availability of acceptable terms of certain components and services essential to O2Micros business which are currently obtained by the Company from sole or limited sources; the effect that O2Micros dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity, availability or cost of products manufactured or services rendered; risks associated with O2Micros international operations; the potential impact of a finding that O2Micro has infringed on the intellectual property rights of others, or that any third party may have infringed on O2Micros intellectual property that may negatively affect O2Micros business; O2Micros legal classifications with governmental and regulatory agencies; O2Micros dependency on the performance of distributors, carriers, independent sales representatives, and other resellers of O2Micros products; the effect that product and service quality problems could have on O2Micros sales ability and operating profits; the ability of O2Micro to deliver its products in a timely fashion to its customers, and the possible negative ramifications if such is not possible; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. Actual results may differ materially due to numerous risk factors. Such risk factors are more fully enumerated in O2Micros 20-F Annual Filings, Annual Reports, 6-Ks, the Form F-1 filed in connection with the Companys initial public offering in August 2000, information posted on our website at and other documents filed with the SEC, NASDAQ or any other public agency from time to time. The statements herein are based on dated information on the dates mentioned herein, which is subject to change. O2Micro assumes no obligation to update or revise the information provided on today, or any other forward-looking information, whether as a result of new information, future events or any other information that may arise. This information only speaks to the respective dates mentioned in said information.O2MICRO INTERNATIONAL LIMITED AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME UNAUDITED In Thousand U.S. 