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Power Integrations today announced financial results for the quarter and year ended December 31, 2016. Net revenues for the fourth quarter were $101.1 million, a decrease of three percent from the prior quarter, and an increase of 16 percent from the fourth quarter of 2015. Net income was $13.6 million or $0.46 per diluted share, compared to $0.48 per diluted share in the prior quarter and $0.44 per diluted share in the fourth quarter of 2015. Cash flow from operations for the quarter was $27.7 million.
Visit Power Integrations at Electronica 2016 to learn more about our latest innovations in AC-DC converters and high power IGBT driver products. Our team will be on-site for all four days to offer you application solutions, insights and details on our products.
Messe Munchen, Hall A5, Booth 507
Nov 8, 2016 to Nov 11, 2016
Power Integrations today announced financial results for the quarter ended September 30, 2016. Net revenues for the third quarter were $103.8 million, an increase of seven percent from the prior quarter, and up 17 percent compared to the third quarter of 2015. Net income was $14.2 million or $0.48 per diluted share, compared to $0.38 per diluted share in the prior quarter and $0.39 per diluted share in the third quarter of 2015. Cash flow from operations was $26.3 million.
Power Integrations today introduced the 1SP0350V SCALE™-2 single-channel +15/-10 V plug-and-play gate driver. Optimally suited to high-reliability applications in the HVDC and railway industries, the 1SP0350 gate driver reliably and safely drives 4500 V Press-Pack IGBTs and IEGTs as well as other IGBT and IEGT form factors.