Himax Technologies, Inc. Pre-announces Preliminary Unaudited Second Quarter 2020 Financial Results
06 Juli 2020 - 11:30AM
Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today pre-announced preliminary
unaudited key financial results for the three months ended June
30th, 2020. The second quarter revenues, gross margin and EPS all
exceeded the guidance issued on May 7th, 2020.
- Revenues were $187.0 million, an
increase of 1.3% sequentially versus the guidance of a slight
decrease of within 5.0% sequentially.
- Gross Margin was around 21.0%,
exceeding the guidance of between 20.2% to 20.6%.
- IFRS earnings per diluted ADS were
expected to be around 0.8 cents, exceeding the guidance of a loss
of 0.5 to 1.5 cents per diluted ADS.
- Non-IFRS earnings per diluted ADS
were expected to be around 1.0 cents, exceeding the guidance of a
loss of 0.3 to 1.3 cents per diluted ADS.
The Company will provide its second quarter 2020
full financial report and third quarter guidance at the next
conference call with investors and analysts in August. The exact
date will be announced soon.
About Himax Technologies,
Inc.
Himax Technologies, Inc. (NASDAQ: 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,
virtual reality (VR) devices and many other consumer electronics
devices. Additionally, Himax designs and provides controllers for
touch sensor displays, in-cell Touch and Display Driver Integration
(TDDI) single-chip solutions, LED driver ICs, power management ICs,
scaler products for monitors and projectors, tailor-made video
processing IC solutions, silicon IPs and LCOS micro-displays for
augmented reality (AR) devices and heads-up displays (HUD) for
automotive. The Company also offers digital camera solutions,
including CMOS image sensors and wafer level optics for AR devices,
3D sensing and machine vision, which are used in a wide variety of
applications such as mobile phone, tablet, laptop, TV, PC camera,
automobile, security, medical devices, home appliance and Internet
of Things. Founded in 2001 and headquartered in Tainan, Taiwan,
Himax currently employs around 2,000 people from three Taiwan-based
offices in Tainan, Hsinchu and Taipei and country offices in China,
Korea, Japan, Israel, and the US. Himax has 2,926 patents granted
and 553 patents pending approval worldwide as of June 30th, 2020.
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, 2019 filed with the SEC, as may be amended.
Company Contacts:
Jackie Chang, CFOHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22300 OrUS Tel:
+1-949-585-9838 Fax: +886-2-2314-0877Email:
jackie_chang@himax.com.twwww.himax.com.tw
Karen Tiao, Investor RelationsHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22326Fax:
+886-2-2314-0877Email: karen_tiao@himax.com.twwww.himax.com.tw
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