DSPG - Earnings call transcript Q2 2018

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Operator

Good day and welcome to the Q2 2018 DSP Group Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Daniel Amir. Please go ahead, sir.

Daniel Amir

Good morning, ladies and gentlemen. Vice Business Corporate Group. at Amir, Daniel President Development for DSP I'm to earnings XXXX second call. Welcome quarter conference our On today's call, Mr. we also have with us Elyakim, and Officer; Chief Ofer Mr. Executive Dror Financial Levy, Chief Officer.

during in would forward-looking ability making about of pipeline, XXXX, our the remind begin, revenue expansion, of the expected recovery leadership SmartHome optimism will user our voice for in statements belief assume ULE no like projections benefits drive our quarter we in call, fourth we growth I obligation these you Before the business that interface quarter, third to to our this We and financial in position update about conference initiative be engagement to technology of our statements. forward-looking technology.

risks forward-looking affect the have reports to that more filed. XXXX in refer please SEC information statements herein, Risk XX-K and the Factors the discussed we Form our about could factors other made and For

Elyakim, Now, I Executive to call the turn Officer. the would to like is our Ofer, Chief floor yours. Ofer over

Ofer Elyakim

thank to results from the distributed Good today. you growth on Overall that of the second XXXX. quarter decrease business most X% Thank financial $XX.X a on important initiatives you, our guidance the represented for hope I metrics. reviewing total initiatives million on by third second quarter milestone, sales, first would versus short representing everyone, comments represented second progression a quarter of you second results had and our commenting second $XX.X ended the a increase our quarter Revenues a us for joining achieved and and sequential for you increase the to revenues I like of of of today. during plan, our an outlook. of provide of majority quarter exceeded million, release context time. morning, XX% detailed from with of revenues that for accounted with In Moreover, our for that earlier press results financial the for outlook we of X% read XXXX. our providing met while, we the We we of our will begin XX%. the our year-over-year growth opportunity Daniel. and revenues and Dror quarter financial the

Our segment performance reflects the these the of initiatives year-over-year SmartVoice the XX% demonstrate initiatives baseline evidenced in success segment. solid the growth of solid for as in and building execution and XXX% growth our and revenue on revenue revenue growth the Office/VoIP the diversification, by in driving results

successfully mix, to coupled non-GAAP Our basis continue differentiated our and engagement and than to improvement and technologies XXX of OEMs guidance. Moreover, XX.X% operating basis points to XXX margin improvement non-GAAP customers. year-over-year with X.X%, better-than-expected pipeline drove higher leading both product margin strategic points we diversify our with efficiencies of operational gross expand and

than market, We solid the progress define more offset made excited decline the which cordless us SmartVoice, the initiatives, the namely growth company’s SmartHome quarter drive thereby inflection will and about in during future our each the are our the through in accelerating and overall of point Office/VoIP, secular growth. we telephony and have

progress provide our specific SmartVoice. Now, about with segment. Starting like in each with you I'd updates to

a supporting range certified for combination is products to of XX% and with that Examples kit, leader a in User start steady We in applications. our step Interface who acoustic wearable market class build far-field development that User totaled which devices is power vote processor easily SmartVoice position Interface include instrumental an increase the sequentially. X-microphone in life. the DSP want devices XXX% far-field Amazon play performance remote SmartHome and share sales role Voice enhancement is to space creating Voice this burgeoning you market. of vital Amazon the We're features quickly the Services this line and with OEMs and in This development confidence in and new establishes AVS our for kit. expansion and from quarter while the our our strong accomplished market. our ODMs with DBMDX testimony major of featured precious believe have and best milestone, can Working and kit reflected in believe literally new Alexa-enabled guidance Amazon rapidly SmartVoice developers quarter Group’s the certification kit During solution technology. smart a controls. computing and far-field development and audio a the operation. voice voice up lowest during a technology and we the of growing for with and $X.X forward Amazon richly high speakers, plug of devices, our evolution million, devices, pick evolving We quality this in Alexa excited AVS our battery accuracy processing [front-ends] leadership for an a in were space it conserving Voice both of AVS year-over-year

based model. leading a for our its we pipeline launched and by a OEM as SmartVoice Korean of phone addition, mobile a smart expand smart SmartVoice In our Chinese that evidenced accomplished our design the SoC, phone They noteworthy number engagement on SmartVoice phone quarter. to include selected series OEM new smart during wins models of continue a that SoC

emphasis audio. that we in invest addressing User on We in running focusing in the the with offering devices. the the content R&D This solely artificial an Voice efforts and build frontier next believe way people interact be intelligence versus their VoIP technologies Interface to devices in will cloud, intelligence which in around more artificial edge years quarter, enhance will continue placed on larger coming on and

dialogues, reshape device activated our more. intuitive of biometrics, human voice voice to technologies such sensing, into interaction expect usage and [ear] environmental We more machine artificial chat-box deriving

to increase designs for of phone non-smart our sequential to anticipate and are quarter, solid million that Looking $X.X applications SmartVoice range a mass business, progressing expected based be up an project sequentially. Therefore both we representing assessment, year-over-year on in revenues ahead production we mainly in to to new based of the third-quarter million, ramp on third $X.X our phase. SmartVoice the growth

Now update Office/VoIP on an to the segment.

customers. We at industry well-positioned are for the is unified communications for market for revenues also of $X.X growing higher demonstrated communication. The X recent we a unified the exceeding with capitalize in These customers. the quarter, results quarterly representing comprehensive In solutions guidance SoC Tier by Tier as demand pipeline and the of market. OEMs, a developments sequentially. our productivity better-than-expected and achieved and momentum second about excited the X continued with technologies increase voice as on is our XX% the for VoIP is from businesses XX% of million, these demand This video and an quality year-over-year of three reflect such higher in trends our design groups and high-end the to forefront in products communications well other range,

three microphones. DCXXX base we during including number and flagship incorporating associates of wireless the DHXXX had addition, remote system Cisco its both audio announcements, the that a In product new XXXX in noteworthy DSPG conferencing quarter its the DVF, microphones different in launched for

our Audiocodes DVFXXXX its on phone, Second launched XXXHD, top-line new based SoC. IP the

engagements with year half confident the second to our and of are well-positioned are beyond. of revenue during current pipeline see that the We we growth gradual

a basis of we million. to the in quarter, grow $XX third the expect VoIP revenues million to sequential and be on to For range $XX

Now starting to segment, on update an Home the SmartHome. with

gateway Our and IoT SmartHome is comprised home shipping DECT/ULE products. product business of primarily with

high-end above were SmartHome revenues $X.X the range. of quarter of million Second our guidance

were SmartHome ULE gradually in than year-over-year higher expect sensors. mainly revenues Nevertheless, decrease for revenues demand revenues due our in which for and weakness anticipated the XX% we SmartHome home offset SmartHome guidance previous However, did X% year. the sequentially. to half the gateway of higher second demand to recover product, by by

Amazon to power, in such DECT/ULE natural and Google smart best adding and assistant new which hands-free high-fidelity, to interest have voice in and are number unique SmartSpeaker product for low European support It class high-definition an selected including ULE new order quarter calling a a IoT leading connected the Bottom voice customers, solution a European a selected by targeted in their high-definition ODM LED on DECT/ULE A in to that provides in calls offering. product. called the to interest announcements and DECT/ULE technology benefits based their to in including we service assistant is smart skill OEM VoIP introduce line, run makers combining our run leading our had leading providers, ULE capabilities. handsfree During continues. growing range, superior leading of DECT/ULE Taiwanese products two our Moreover, SmartHome products. a including streaming there series video market solid noteworthy calling. device to launched is bulbs a of innovative the

business we pipeline SmartHome other cycle longer our are the While opportunities ahead. lie and the is that than time in encouraged the in by segments

We looking the to forward X by provider service the upcoming launch towards a year-end. SmartHome service Tier European are

to market. an $X.X to on of million now to expect in And range third Looking update $X.X the phone we SmartHome the cordless quarter, be revenues for million. the

million initiatives, growth. we to revenues basis, year-over-year. while of Our quarter expectation the revenues. the be to our a new second sequential solid third on on our of XX% with total product X% for $XX which sequential suggests revenue Cordless in quarter’s revenues midpoint quarter update cordless revenues the to $XX at million, of decreased line Based increased now guidance and outlook. range accounted our were across our in an by And expect XX% XXXX on by our guidance

to Looking communication, areas interface emerging ahead, and position opportunities user we capitalize of in believe a significant that and IoT. in strong voice on are we new unified market

and our drive both gross expansion. and about business for revenue growth short long-term period optimistic are the to margin outlook We

turn to is Dror, our Dror, like floor yours. I'd Chief Financial Now, Officer. the call the over

Dror Levy

quarter Ofer. now statement bottom. top I from of you, income the the XXXX second Thank will for to review

that as as each the expenses acquisition. related provide U.S. in to line and compensation item the For will I equity-based item previous included GAAP expenses results, well the line

income million. XXXX Gross second the compensation the equity-based benefit expenses of included intangible of to $X.X expenses related was a amortization on acquired deferred Please million, Operating of $X.X and the was million. the $X.X of million, including share were of expenses was EPS EPS benefit million. second Income just $X.XX the loss assets I income R&D $X.X with the $XX.X X-K GAAP intangible impact $XX.X basis. million see the was reconciliation amount benefit on million quarter million. $X.X Non-GAAP in quarter. the intangible the non-GAAP $X.X per quarter amount loss a described was total excluding benefit of acquired with related of $X.XX. million, million, the morning tax provision income, from positive no the the Form amount The assets of including amortization quarter full $X.X was of $X.X equity-based amortization for expenses compensation tax to $X.XX, margin margin Net excluding I current equity-based described million. the amount and equity-based the the $X.XX. were for intangible the the we amortization resulting just of for to quarter these of of were a including on $X.X the in report items net SEC expenses U.S. of $X.X The filed tax in $X.X for was XX.X%. expenses share, this and million, million. compensation the equity-based non-GAAP items of the in the tax quarter the presentation. for GAAP of income that liability of for of compensation expenses per and tax $X.XX. the Gross tax million. that was compensation Financial The the tax revenues for assets for for impact included $X.X negative the compensation amount presentation was impact have quarter Our assets on quarter equity-based for in negative GAAP quarter expenses

the at first million the the days of end to Accounts of of Inventory quarter of XX at to quarter, at turning second compared increased balance to million $XX.X receivable $XX.X a end the level XX of million representing level the remained a representing Now sales. days. sheet. $X.X

increased XXXX. June as by the securities Our and quarter at XX, million marketable cash a level $XXX during second million were of of $X.X and

$X.X from the share, used following, were XXX,XXX Our shares value million was securities. the exercise million amortization of securities received employees, the of the was of was at approximately of market in cash property position from million an price million marketable used $X.X million was options of cash $X.X our equipment, by operations, cash marketable received of common the was average and by of and $XX in during the stock $X.X affected purchase quarter for of per $X.X for repurchase and change

projections quarter I Now like our with to the third would provide for you of XXXX.

including projections follows. the and expenses equity-based compensation quarter third acquisition-related of expenses amortization are Our impact as

$XX revenues are million be the to to million. expected Our of $XX in range

We million to $XX.X $XXX,XXX; non-GAAP $X.X expected third a million of the R&D to tax expect expenses range expected to to gross XX% $XX the expected million; operating in income our million income and be $X.X margin pro of range on for the of range and to be quarter the are the is in expected be financial expenses provision to to in to of in are the million; in range be $XX.X is $XXX,XXX basis. XX%. be forma

of XX.X shares to shares. shares expected range million to million Our are XX.X the in be outstanding

$X.X of includes intangible $X.X equity-based The cost and include amortization of $X.X million expenses. $X.X following $X.X projections million and expenses to amount include quarter million, R&D total to for assets, million. of goods operating third include million forecasted million, the compensation Our expenses include $XX.X the

Now, answers. please? and like Operator, questions I to line for up the would open

Operator

Thank first Lake from take now Schmidt you. question Jaeson [Operator Street Please go Capital from Instructions] will Markets. our We ahead.

is line open. Your

Jaeson Schmidt

expect in my taking mix really for Thanks business, QX, I that know guys. think about we mentioned in to Hi with non-smart how start SmartVoice be want that you changing Ofer, questions. driver you the to applications XXXX? should phone just the

Ofer Elyakim

Jaeson. Hi

thanks So question. for the

the that a third increase mainly say to non-smart see are gradual did going a for in we application. SmartVoice quarter phone in So we

kind mix, nice the believe year are play phone would longer-term, we on the significant other be tablet going to would to I I XX% we be I to applications, of the say today coming do including exactly probably say our will of Kind we still more the but hard through When see what from are demand these new smart that progresses. that revenues will a that to are continue focusing rest and very So me embracing Voice the constitute a say devices application. product as believe for Interface seeing more are that role. smartphones to IoT we of a and XX% of User roughly will

will would in the our and roughly So provide but did be color the that not continue important any to again revenues. speaking XXXX, say we an really of I smartphone real on category smartphone a mix

Jaeson Schmidt

compared business that's even get you or customer sense engagement can how us many ago And maybe help helpful. guys out a are Okay, ago? with how that the of is six you figure sticking pipeline to Just customers to currently tracking. engaged months trying year with a

Ofer Elyakim

new growing say shipping to OEMs OEMs, in number we're are of I quarter a that started and quarterly would XX products shipping over different well we we that customers. OEMs now say so the several by three several Right represented different by I would into and third on basis a are so

in more as quarter every gradually devices expanding the is are this market. So being launched

Jaeson Schmidt

queue. you change XXX know Okay. me analyst at XXX last of range to year. for to this outlined any a there and for into one been the day million back I the that jump I'll And Has outlook? million

Ofer Elyakim

would are in that I we still range. say that

Jaeson Schmidt

a lot guys. Thanks Okay.

Operator

The next comes from and from go Rajvindra Please question Gill ahead. Company. Needham

Your line open. is

Rajvindra Gill

if VoIP of will that gross segment versus versus think can there's if you going within percentage for improvement. those ULE products you much margins you could forward any on do little And talk of was my that margin? that a bit you to new the SmartVoice. to margin represent about job about wanted talk products the Thank gross how Yes. a I Good new have specifics taking I wondering contribution overall the questions. maybe higher as revenue; the

Ofer Elyakim

Hi for Rajiv question. and thanks the

and for products, should gross new the new the carry I mix to products margin the business kind each products between in a say all from for we initiatives gross skewed respect as gross kind improve in you the shifts expectation the different quarter think for contribution of I initiatives seen growth from with increase new the have of the the contribution So they're right than coming our initiatives the gross of can line, that margin. these margin see would revenue corporate kind margins legacy expect with is mix me very XX% does is give and expansion our and cordless improve instance for for conjunction average. exact as last way that a do also of mix the higher that and towards the to third you of split years but favorably margin see margin sequential tracking say for revenue these respect we With the the and improve. of couple a to figures pickup now of would gross into the gross higher but guide ahead growth kind does ahead so to also more These of of the they're margin hard I in

Rajvindra Gill

I are with as processor you some about And and design last qualification about particular devices, some perhaps functionality? of wins if lead with the bit you the on other anticipate to market. sensory Thank talk that question, talk competes the [wake view other your do significant development. little could that out audio this Alexa the of connections you. there its and solutions DBMDX which that qualification you in How voice] Could a when a also will

Ofer Elyakim

Yes. Absolutely.

the AVS very above. four view three this microphones; AVS others kit the power Amazon Not we we a the believe this on the development we among is that satisfied that the now only all was development has for and important So kits Amazon are for that a is indeed that solution consumption lowest have website. also certified as certification are only right kit and so certified available all that, milestone

as that so add know microphones already So us with our with achieve the believe just additional means and you far-field wins. microphones very in and means the better HDClear about what it this certification design of we even helping three can we're more this quality that be should algorithms. is the certification with you securing We that is performance excited

of the this matter leading with utilize believe will by solution As a of did propelled and already that a that already one we've design fact customer and announcement. that as functionality secured is low-power we our it

And view step a as very it and so very important forward. we're excited

require to we area this low-power go and the from of can microphones a field offering accessories into three strong assistant and that expand market fairly comprehensive equipped just that we the and smartphones and in very are ranging speaker, the devices a believe As continue can far we smart devices cover from or above. operation do go and wearable from smart with advanced of basically

trained have the require. and per algorithms customers HDClear own type also third-party are run We to in our of to capability addition all what algorithms they

very with development we we're role will this field. in we so excited And and that play instrumental a this more believe

Operator

our ROTH now question go take will Capital. Desilva ahead. Suji We Please next from from

open. is line Your

Suji Desilva

attach Hi to is speaker if are nice calling Hi guys these going you the a of Dror speakers? what add rate your kind this or kind Ofer. and point there on calling of have smart seeing voice need you're to product to have to for at a products hands-free

Ofer Elyakim

question. Suji for thank you the

very this So point. indeed is and good a

the a product or voice more a are of becoming new new hands-free kind the do we important interface. designs as feature need now to is and kind when user concepts compliment for see of calling calling voice So fairly entertained

complete with but the a based already with to do let's and it's command algorithm, user also this to conduct that also intercom It's in year it's products alluded we to products say IoT the just respect communicate. of will ship not query and calling interface voice not which two So certain a to control on only and already we hands-free also are a HDClear calling. we

high-definition my that ability role addition ULE in calling. quality seeing the a at provided basically hands-free an basically in range apartment, are in this serving a And algorithms that play conduct calls our home, very we prepared our chipset on are portable wherever also battery-operated, an long for voice voice can really that utilizing to I enabling a do this fairly from you're calling. high-quality, significant fairly reliability, connectivity to So great hands-free office and this had entire what remarks using accessory

spot then So devices kind at these for that equip a capabilities. with performance we to believe we're technology and really of offering sweet superior with the

Suji Desilva

gateway Okay. the in what's Great. segment And then the but on IoT side? IoT recovery what are you the seems on the seeing the okay, area, device there Thanks. driving

Ofer Elyakim

Yes.

as the we and largest on know a - a customer serve recovery. inventory this major kind of which is the new to last restocking believe a as year year SmartHome services them what base towards the the in service a end the resulted recovery depleted of ultimately basically So that enabled Europe's expected see and certain SmartHome will on expected of by inventory is fuel in we way you we gets one side in a build-up provider this had [hills] launch their recovery way that the launched on of a that to and did provider service this

production additional addition mass do expect design go to we customers from In level. stage to some

expected business. contribute improvement all help SmartHome and that in gradual to supposed our is So to of to this

Suji Desilva

guys. Thanks Okay.

Operator

Dougherty Instructions] next from Anderson from Company. [Operator Charlie question Our & go comes ahead. Please

is Your open. line

Charlie Anderson

on for segment. to taking my the start questions. Thanks Yes. SmartVoice want I

the seeing flagship view the think wins you range. on going think you're in and you forward flagship Thanks. the I sort there's device on what in sort I guys sort on for smartphone your pipeline for again of maybe just SmartVoice. in had the and outlook if wonder of good mid there generally opportunities of penetration recent of more a just have past many so

Ofer Elyakim

Charlie. Thanks. Hi

view vis-à-vis our the are in interfacing voices is smartphone. So

to rolled that I sure the tier kind starting across today. the the of market. more become also hit mandatory believe into a future even feature that different this low will tier we serving OEMs are and leading believe for of would We kind more the gradually the of So and say market mid this is

to from the a and is that voices coming believe private for interfaces of feature kind own have we believe have looking smart into deeper of I like brand solid leading at and good segment. services into further the year well but are as and kind mainly mobile as or think is flagship, for kind say today being we new label, assistant opportunities that itself what selected of penetrate domain that we I into To would OEMs, now OEMs several don't Android every I of of whether required I we smartphone that chances believe the you integrated in its opportunity next OEMs the smart the models creating do probability know of tell a very we leading product. have being

Charlie Anderson

office you're tier upper sort numbers you're No product kind there to wonder the of dynamic the that out and how there important of share what and there's viewing little then bit at slow is I growth lines take terms in a sort to of that think or for re-accelerate just the we're for there some to be playing you see to just starting there. Thanks. large seeing video a point. like as trend I opportunities segment an of going

Ofer Elyakim

Sure.

last changing this segment. also voice don't years. would couple I the in steady office fairly future. I last growth to for of think in we the that be described anything not slower in seen on this read the and what growth that into call, of this see I believe have I've appears segment So I

this of more we at we still and that necessarily said more we doesn't be The we quarter, I where get winning not etc. we and basically kind designs will and share do executing operate on. and as which is market OEMs every are exactly designs these leading think what do taking are exactly announced market doing is

revenue think be actually the into is don't could that etc. there going kind a So heating these of that design is some to time or the in ceiling. accounts it something that allude we in year-over-year lag time This lower kind of a read why slightly increase revenues, win should this to between to glass as reaching we I

all the plenty-plenty I well we I growth and and this mix have right with this after. product OEMs market win of in equipped compete said technology I segment And and believe contrary On the believe new is there segment. we right are ahead in to as go the to

what we customers say We we engagement existing pipeline also what think the win our pipeline are mean more doing design exactly this can and customer have we or when also we and about I base. that is -- products at with

indeed only we it and a there the it this comprehensive SoC because position would that on market. class domain a right in It's in will is say product as it for now line robust. growth have we're focus we to SoC most the is continue communication unified with a us should that generate probably of improve such base our So one and of to well for I out customer both believe our vendors and strong continue as making lot are investment best in voice engines this

Charlie Anderson

so Thanks much. Great.

Operator

Matt Cowen. Ramsey from Please question next from Our comes ahead. go

open. is Your line

Unidentified Analyst

Could was five the and talk a with is engagements the George in feedback since one kit are initial and little you about about this received about could Matt. this Hi. of question. versus you've month maybe of kind Thanks you. my announcement. you've applications some development Thank zone taking strike mics what more for mic. Alexa public the you of I on three hoping [indiscernible] been for behalf so and a then talk

Ofer Elyakim

question. the for Thanks Josh. Hi

from or certification we solution this so voice have the is Amazon of like today near from a it's end means that far the voice new what is the meters activation afar announced that It [control is to three services relating is field] or announcement So distance not development on available kit much that a Alex but only lengthier the above. from website. mid-range, AVS rather

[indiscernible] three algorithms that All the with only forming and or SoC algorithms, includes HDClear the microphones. rest providing also development suppression, this that four the microphones the are we're in solution using that can So provided today using The noise or capabilities. the are we kit barging achieve more. that

necessarily So I as the product interest this this of very features third-party process and but areas certification for and as developing that in etc. of into Voice controls, a well and and in we rather think the announcement traction Alexa of remote part in a is increasing making our areas developing devices that all cylinder is view of a IoT also just is own not in in including engaging strategic that say this as growing all as Services devices, or fairly market and a the are including the market in important sure and project in etc. that the look Amazon is in that products is their their recognition devices would I SmartHome, that other the wider kinds developers that

results following that So products of that bring this plenty devices you can are battery nice there in the operated and interface a happy a add already we believe developers will, for way in these with that market with announcement. our new is what voices and are are or with fairly of also very announcement into that of seeing excellent the products to believe to a I as capabilities engaging impact performance variety and if that devices this is of today the very also we and capabilities of power build the we now engagement that way as using well as a and are the fairly experience, to today kind we're there's advanced certified the with low-power battery-operated said these we want low-cost consumption new we and

Unidentified Analyst

going in as expecting know then guidance in there the in is or on cordless we sort This is in should it particular segment the into you're XX% we the XX% that decline anything Thank very helpful. And sort about to market Thank is you. range? back it of home that of you. year-over-year

Ofer Elyakim

Yes.

really XX%. our So now Josh be decline cordless it more that on cordless kind look you the We I believe when still of has Right volatile has changed. is at plus trend continues quarter-over-quarter. view XX% in think of especially That call or kind it not of to XX% changed. the to not market

of the suggests think what of believe the you decline that also kind will I kind products higher total quarter of of it that our kind also at cordless or is this XX% that think we if kind back I out says revenues from level. these new guidance

initiatives cordless improve. that the what are that important that revenue foreseeable of and I on are and going the become has our majority future be what that of is the I growth They're this new that a to not us changed. going these P&L growth we as is very the kind a more will revenues enable to will the for by growing. important we're revenues to and are the achievement is a XX% believe this resume initiatives than profits for But think becoming So less is going brought think to result focusing and company generate and is

and we XXXX I are we see and the the these are majority so mix think And new favorably more initiatives looking revenues we've into change the QX, growth continue initiatives set where on to level there from that were area. in that to bar of to forward getting coming these

Unidentified Analyst

you. Great. Thank

Operator

turn the now questions further or for are no from I'll call back to host the remarks. phone. your additional There closing

Daniel Amir

Thank you.

Communications Hardware Ideas Minneapolis. quarter call. you participate Summit on Chicago third Thank Conference and in Investor on the August in dialing Chicago. conference Dougherty for August & X XX Infrastructure will the in for XX DSP Institutional September the on Semiconductor, in Jefferies During in The Group

Operator

for may That your will participation. and goals. now gentlemen conclude Ladies today's Thank you you disconnect.

DSP (DSPG) 30 Jul 182018 Q2 Earnings call transcript