Himax Technologies, Inc. Pre-announces Fourth Quarter 2014 Financial Results
14 Januar 2015 - 11:35AM
- Fourth Quarter 2014 Performance
Outperforms Company Guidance
Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today pre-announced its fourth
quarter 2014 revenues, gross margin and EPS.
Himax has chosen to pre-announce its fourth quarter 2014
financial results to address recent market confusion caused by
negative rumors that Himax might miss its 4Q'14 guidance. We would
like to reiterate that, as a principle, the Company only
pre-announces financial results when it misses or substantially
beats its guidance.
The Q4, 2014 revenues, gross margin and EPS are set out below.
The original guidance figures that we gave on investor conference
call on November 13 are also provided for easy comparison.
- Net Revenues: $227.2 million, an increase of 2.2% quarter over
quarter versus Company guidance of flat to slightly up.
- Gross Margin: 24.7%, up 0.2% from the previous quarter, versus
Company guidance of down within 1%.
- GAAP EPS: 8.7 – 9.2 cents per diluted ADS versus the Company's
guided range of 7.5 to 9.2 cents. The new EPS guidance has taken
into account some $3.3 million (1.9 cents per ADS) in additional
income tax charges caused by further NTD depreciation against the
USD. From the date of the EPS guidance (November 10) to the year
end, the NTD depreciated from 30.55 to 31.65 against the USD. If
the NTD/USD rate had stayed at 30.55, our EPS would have been
higher by 1.9 cents, far outperforming our original guidance.
On a side note, on top of solid core businesses, Himax is
experiencing strong momentum in our LCOS and WLO operations. As
noted previously, Himax continues to work closely with world
leading customers and/or partners in the LCOS and WLO sectors.
The Company will provide its full financial report and also host
a conference call with investors in early February.
About Himax Technologies, Inc.
Himax Technologies, Inc. (HIMX) is a fabless semiconductor
solution provider dedicated to display imaging processing
technologies. Himax is a worldwide market leader in display driver
ICs and timing controllers used in TVs, laptops, monitors, mobile
phones, tablets, digital cameras, car navigation, and many other
consumer electronics devices. Additionally, Himax designs and
provides controllers for touch sensor displays, LCOS micro-displays
used in palm-size projectors and head-mounted displays, LED driver
ICs, power management ICs, scaler products for monitors and
projectors, tailor-made video processing IC solutions and silicon
IPs. The company also offers digital camera solutions, including
CMOS image sensors and wafer level optics, which are used in a wide
variety of applications such as mobile phone, tablet, laptop, TV,
PC camera, automobile, security and medical devices. Founded in
2001 and headquartered in Tainan, Taiwan, Himax currently employs
over 1,700 people from three Taiwan-based offices in Tainan,
Hsinchu and Taipei and country offices in China, Korea, Japan and
the US. Himax has 2,434 patents granted and 875 patents pending
approval worldwide as of September 30, 2014. Himax has retained its
position as the leading display imaging processing semiconductor
solution provider to consumer electronics brands worldwide.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or results to differ
materially include, but not limited to, general business and
economic conditions and the state of the semiconductor industry;
market acceptance and competitiveness of the driver and non-driver
products developed by the Company; demand for end-use applications
products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our
ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in
customer order patterns; changes in estimated full-year effective
tax rate; shortages in supply of key components; changes in
environmental laws and regulations; exchange rate fluctuations;
regulatory approvals for further investments in our subsidiaries;
our ability to collect accounts receivable and manage inventory and
other risks described from time to time in the Company's SEC
filings, including those risks identified in the section entitled
"Risk Factors" in its Form 20-F for the year ended December 31,
2013 filed with the SEC, as may be amended.
CONTACT: Company Contacts:
Jackie Chang, CFO
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22300
Or
US Tel: +1-949-585-9838 Ext.252
Fax: 886-2-2314-0877
Email: jackie_chang@himax.com.tw
www.himax.com.tw
Nadiya Chen, Investor Relations
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22513
Fax: 886-2-2314-0877
Email: nadiya_chen@himax.com.tw
www.himax.com.tw
Investor Relations- US Representative
Scott Powell, Managing Director
PCG Advisory Group, LLC
Tel: +1-646-780-8850
Email: spowell@pcgadvisory.com
www.pcgadvisory.com
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
Von Jul 2023 bis Jul 2024