Himax Technologies, Inc. Preannounces Preliminary Unaudited Fourth Quarter 2015 Financial Results
January 07 2016 - 5:00AM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today preannounced preliminary
unaudited financial results for the three months ended December
31st, 2015. Himax's fourth quarter results exceeded its revenue,
gross margin and EPS guidance issued by the Company on November 12,
2015.
- Revenues were $178.0 million, a 7.5% sequential increase versus
Company guidance of flat to a 5% increase. Revenue increases in the
quarter were attributed to Himax's core DDIC business. Market share
gains and increased panel production in China lifted LDDIC sales
significantly. SMDDIC sales were also stronger than expected due to
customer additions, new product launches and inventory
replenishment from existing Chinese smartphone end customers.
- Gross Margin was 22.9% versus guidance of flat to slightly up
against 21.8% of Q3. More favorable product mix among SMDDIC
products and higher-than-expected engineering fees from AR/VR
project engagements with both current and new customers boosted the
Company's gross margin, up 1.1% from the previous quarter.
- GAAP Earnings per Diluted ADS was 3.3 to 3.8 cents, above the
Company’s guided EPS range of 1.0 to 3.0 cents.
The Company will provide its full financial
report and also host a conference call with investors and analysts
in 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 1,900 people from three Taiwan-based offices
in Tainan, Hsinchu and Taipei and country offices in China, Korea,
Japan and the US. Himax has 2,712 patents granted and 612 patents
pending approval worldwide as of September 30, 2015. 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, 2014 filed with the SEC, as may be amended.
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
www.himax.com.tw
Penny Lin, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999 Ext.22320
Fax: +886-2-2314-0877
Email: penny_lin@himax.com.tw
www.himax.com.tw
Investor Relations - US Representative
Lamnia International, LLC.
John Mattio, CEO
Tel: +1-203-885-1058
Email: jmattio@lamniaintl.com
www.lamniaintl.com
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