IXYS Corporation (IXYS) has reported 123.10 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $5.10 million, or $0.16 a share in the quarter, compared with $2.29 million, or $0.07 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $7.83 million, or $0.24 a share compared with $3.92 million or $0.12 a share, a year ago.

Revenue during the quarter grew 5.79 percent to $79.48 million from $75.13 million in the previous year period. Gross margin for the quarter expanded 191 basis points over the previous year period to 33.89 percent. Total expenses were 90.16 percent of quarterly revenues, down from 91.67 percent for the same period last year. This has led to an improvement of 150 basis points in operating margin to 9.84 percent.

Operating income for the quarter was $7.82 million, compared with $6.26 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $12.91 million compared with $10.78 million in the prior year period. At the same time, adjusted EBITDA margin improved 190 basis points in the quarter to 16.24 percent from 14.34 percent in the last year period.

"Higher revenues, in combination with aggressive cost-cutting initiatives and the focus on optimizing our worldwide enterprise, have allowed IXYS to improve its results. We continued our investments in new products and technologies in order to support our growth," commented Dr. Nathan Zommer, Founder and chief executive officer of IXYS.
 

Cash conversion cycle (CCC) has decreased to 99 days for the quarter from 179 days for the last year period. Days sales outstanding went down to 44 days for the quarter compared with 46 days for the same period last year.

Days inventory outstanding has decreased to 76 days for the quarter compared with 158 days for the previous year period. At the same time, days payable outstanding went down to 21 days for the quarter from 25 for the same period last year.