Himax Technologies, Inc. Pre-announces Preliminary Unaudited Third Quarter 2020 Financial Results
06 Oktober 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
September 30th, 2020. The third quarter revenues, gross margin and
EPS all exceeded the guidance issued on August 6th,
2020.
- Revenues
were $239.9 million, an increase of 28.3% sequentially versus the
guidance of an increase of around 20% sequentially. This represents
an increase of 46.1% year-over-year.
- Gross
Margin was around 22.3%, exceeding the guidance of being flat to
slightly down from the 21.0% delivered in the second quarter of
2020. This represents an increase of 130 basis points sequentially
and an increase of 280 basis points from 19.5% in the third quarter
of 2019.
- IFRS
earnings per diluted ADS were expected to be around 4.9 cents,
exceeding the guidance of around 2.0 cents to 2.8 cents per diluted
ADS. This represents an increase of 510.0% sequentially and 217.1%
year-over-year.
- Non-IFRS
earnings per diluted ADS were expected to be around 7.3 cents,
exceeding the guidance of around 3.5 cents to 4.3 cents per diluted
ADS. This represents an increase of 625.9% sequentially and 281.6%
year-over-year.
“We are seeing continued strong business
momentum across all our major business sectors in the fourth
quarter. We will give further details in the next earnings call,”
said Mr. Jordan Wu, President and Chief Executive Officer of Himax.
The Company will provide its third quarter 2020 full financial
report and fourth quarter guidance at the next conference call with
investors and analysts in November. 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 phones, tablets, laptops, TVs, PC
cameras, automobiles, 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 2,915
patents granted and 551 patents pending approval worldwide as of
September 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:
Eric Li, Chief IR/PR
OfficerHimax Technologies, Inc.Tel: +886-6-505-0880
Ext.60145Fax: +886-2-2314-0877Email:
hx_ir@himax.com.twwww.himax.com.tw
Karen Tiao, Investor
RelationsHimax Technologies, Inc.Tel: +886-2-2370-3999
Ext.22326Fax: +886-2-2314-0877Email:
hx_ir@himax.com.twwww.himax.com.tw
Mark Schwalenberg, Senior Vice
PresidentInvestor Relations -US
RepresentativeMZ North AmericaTel: +1-312-261-6430Email:
HIMX@mzgroup.uswww.mzgroup.us
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