Himax Technologies, Inc. Preannounces First Quarter 2014 Revenues and Gross Profit Margin
April 15 2014 - 9:30AM
Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today preannounced its first quarter
revenues. Despite foreseen inventory buildup for a Korean customer,
the Company remains confident in its product and technology
development across each of its businesses: large panel display
drivers, small and medium sized displays, and its non-driver
businesses, including LCoS, CMOS image sensors, and new
technologies in WLO and array lenses.
Himax is preannouncing its first quarter 2014 revenues and gross
profit margin. The Company will provide its entire financial
report in early May, and also host a conference call with
investors. The preannouncement of revenues and gross margin
are included below versus its first quarter 2014 Guidance
originally provided on its fourth quarter and full year 2013
earnings call on February 13, 2014:
1Q2014 Revenue: |
$194.6 million, an increase of 10.8% year
over year versus Company guidance of "Flat to slight down
sequentially and up ~11% from Q1 2013" |
|
|
1Q2014 Gross Margin: |
24.7% versus Company guidance of "Down
slightly from Q4 2013" |
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 1,600 people from three Taiwan-based offices in Tainan,
Hsinchu and Taipei and country offices in China, Korea, Japan and
the US. Himax has 2,207 patents granted and 1,008 patents pending
approval worldwide as of December 31, 2013. 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
Stephanie Kuo, Investor Relations
Himax Technologies, Inc.
Tel: +1-949-585-9838 Ext.221
Fax: +1-949-585-9598
Email: stephanie_kuo@himax.com.tw
www.himax.com.tw
Investor Relations - US Representative
MZ North America
John Mattio, SVP
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
www.mzgroup.us
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