Power Integrations today announced financial results for the quarter and year ended December 31, 2019. Net revenues for the fourth quarter were $114.5 million, flat compared to the prior quarter and 23 percent from the fourth quarter of 2018. Net income was $158.3 million or $5.28 per diluted share, compared to $0.57 per share in the prior quarter and $0.77 in the fourth quarter of 2018. Cash flow from operations was $182.2 million for the fourth quarter.
Power Integrations today announced the launch of its automotive-qualified SID1181KQ SCALE-iDriver™ gate driver for 750 V-rated IGBTs. The new part expands the company’s range of auto-qualified driver ICs, following the introduction of the 1200 V SID1182KQ driver IC.
Power Integrations will release its fourth-quarter and full-year financial results after market hours on Thursday, January 30, 2020. The company will conduct a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can join the call by dialing 1-647-689-4187. Live and archived audio webcast of the conference call will be available on the company’s website at investors.power.com