Himax Technologies, Inc. Pre-announces Preliminary Unaudited Fourth Quarter 2020 Financial Results
07 Januar 2021 - 10:10AM
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 December
31st, 2020. The fourth quarter revenues, gross margin and EPS all
exceeded the guidance issued on November 12th, 2020. Both revenues
and gross margin hit record highs in the fourth quarter of 2020.
- Revenues
were $275.8 million, an increase of 14.9% sequentially from $239.9
million in the third quarter of 2020, higher than the guidance of
around 10% sequential increase. This represents an increase of
57.6% year-over-year.
- Gross
margin was 31.2%, exceeding the guidance of around 29%. This
represents an increase of 890 basis points sequentially and an
increase of 1,060 basis points compared to the same period last
year.
- IFRS
earnings per diluted ADS were expected to be around 19.5 cents,
exceeding the guidance of around 15.0 cents to 16.0 cents. This
compares to 4.9 cents in the previous quarter and 0.6 cents in the
same period last year.
- Non-IFRS
earnings per diluted ADS were expected to be around 19.7 cents,
exceeding the guidance of around 15.1 cents to 16.1 cents. This
compares to 7.3 cents in the previous quarter and 0.9 cents in the
same period last year.
“Both revenues and gross margin reached new
highs in the quarter, thanks to strong momentum across all major
business segments. Bucking slow seasonality into the first quarter,
the business momentum continues to stay strong at the moment. We
will give detailed updates in the upcoming earnings call,” said Mr.
Jordan Wu, President and Chief Executive Officer of Himax. The
Company will provide its full financial report with investors and
analysts at the next conference call in February. 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 3,009
patents granted and 561 patents pending approval worldwide as of
December 31st, 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 Fax:
+886-2-2314-0877Email:
hx_ir@himax.com.twwww.himax.com.twKaren Tiao, Investor
RelationsHimax Technologies, Inc.Tel: +886-2-2370-3999
Fax: +886-2-2314-0877Email: hx_ir@himax.com.twwww.himax.com.tw
Mark Schwalenberg, Senior Vice President
Investor Relations -US RepresentativeMZ North
AmericaTel: +1-312-261-6430Email: HIMX@mzgroup.uswww.mzgroup.us
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