TAINAN, Taiwan, Jan. 07, 2021 (GLOBE NEWSWIRE) — Himax Applied sciences, Inc. (Nasdaq: HIMX) (“Himax” or “Firm”), a number one provider and fabless producer of show drivers and different semiconductor merchandise, as we speak pre-announced preliminary unaudited key monetary outcomes for the three months ended December 31st, 2020. The fourth quarter revenues, gross margin and EPS all exceeded the steering issued on November 12th, 2020. Each revenues and gross margin hit report highs within the fourth quarter of 2020.
- Revenues have been $275.8 million, a rise of 14.9% sequentially from $239.9 million within the third quarter of 2020, greater than the steering of round 10% sequential improve. This represents a rise of 57.6% year-over-year.
- Gross margin was 31.2%, exceeding the steering of round 29%. This represents a rise of 890 foundation factors sequentially and a rise of 1,060 foundation factors in comparison with the identical interval final 12 months.
- IFRS earnings per diluted ADS have been anticipated to be round 19.5 cents, exceeding the steering of round 15.0 cents to 16.0 cents. This compares to 4.9 cents within the earlier quarter and 0.6 cents in the identical interval final 12 months.
- Non-IFRS earnings per diluted ADS have been anticipated to be round 19.7 cents, exceeding the steering of round 15.1 cents to 16.1 cents. This compares to 7.3 cents within the earlier quarter and 0.9 cents in the identical interval final 12 months.
“Each revenues and gross margin reached new highs within the quarter, due to sturdy momentum throughout all main enterprise segments. Bucking gradual seasonality into the primary quarter, the enterprise momentum continues to remain sturdy for the time being. We’ll give detailed updates within the upcoming earnings name,” stated Mr. Jordan Wu, President and Chief Government Officer of Himax. The Firm will present its full monetary report with buyers and analysts on the subsequent convention name in February. The precise date shall be introduced quickly.
About Himax Applied sciences, Inc.
Himax Applied sciences, Inc. (NASDAQ: HIMX) is a fabless semiconductor resolution supplier devoted to show imaging processing applied sciences. Himax is a worldwide market chief in show driver ICs and timing controllers utilized in TVs, laptops, displays, cell phones, tablets, digital cameras, automobile navigation, digital actuality (VR) units and lots of different client electronics units. Moreover, Himax designs and supplies controllers for contact sensor shows, in-cell Contact and Show Driver Integration (TDDI) single-chip options, LED driver ICs, energy administration ICs, scaler merchandise for displays and projectors, tailored video processing IC options, silicon IPs and LCOS micro-displays for augmented actuality (AR) units and heads-up shows (HUD) for automotive. The Firm additionally provides digital digicam options, together with CMOS picture sensors and wafer stage optics for AR units, 3D sensing and machine imaginative and prescient, that are utilized in all kinds of functions equivalent to cell phones, tablets, laptops, TVs, PC cameras, cars, safety, medical units, house equipment and Web of Issues. Based in 2001 and headquartered in Tainan, Taiwan, Himax at the moment employs round 2,000 individuals from three Taiwan-based places of work in Tainan, Hsinchu and Taipei and nation places of work in China, Korea, Japan, Israel, and the US. Himax has 3,009 patents granted and 561 patents pending approval worldwide as of December 31st, 2020. Himax has retained its place because the main show imaging processing semiconductor resolution supplier to client electronics manufacturers worldwide.
Ahead Wanting Statements
Elements that would trigger precise occasions or outcomes to vary materially embrace, however not restricted to, common enterprise and financial circumstances and the state of the semiconductor trade; market acceptance and competitiveness of the driving force and non-driver merchandise developed by the Firm; demand for end-use functions merchandise; reliance on a small group of principal prospects; the uncertainty of continued success in technological improvements; our capacity to develop and defend our mental property; pricing pressures together with declines in common promoting costs; adjustments in buyer order patterns; adjustments in estimated full-year efficient tax price; shortages in provide of key parts; adjustments in environmental legal guidelines and laws; alternate price fluctuations; regulatory approvals for additional investments in our subsidiaries; our capacity to gather accounts receivable and handle stock and different dangers described every now and then within the Firm’s SEC filings, together with these dangers recognized within the part entitled “Danger Elements” in its Type 20-F for the 12 months ended December 31, 2019 filed with the SEC, as could also be amended.