Himax Systems, Inc. Pre-announces Preliminary Unaudited Fourth Quarter 2020 Money Final results
TAINAN, Taiwan, Jan. 07, 2021 (Globe NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a main provider and fabless maker of screen motorists and other semiconductor goods, now pre-introduced preliminary unaudited critical economical results for the 3 months ended December 31st, 2020. The fourth quarter revenues, gross margin and EPS all exceeded the guidance issued on November 12th, 2020. Equally revenues and gross margin strike document highs in the fourth quarter of 2020.
- Revenues were $275.8 million, an improve of 14.9% sequentially from $239.9 million in the third quarter of 2020, larger than the steerage of around 10% sequential boost. This represents an enhance of 57.6% year-more than-12 months.
- Gross margin was 31.2%, exceeding the steerage of about 29%. This signifies an raise of 890 foundation factors sequentially and an boost of 1,060 basis factors in comparison to the identical period of time last year.
- IFRS earnings per diluted Ads were predicted to be all around 19.5 cents, exceeding the assistance of around 15. cents to 16. cents. This compares to 4.9 cents in the previous quarter and .6 cents in the exact same time period last calendar year.
- Non-IFRS earnings for every diluted Ads were being predicted to be around 19.7 cents, exceeding the steerage of close to 15.1 cents to 16.1 cents. This compares to 7.3 cents in the past quarter and .9 cents in the very same time period past year.
“Both revenues and gross margin attained new highs in the quarter, thanks to sturdy momentum across all significant organization segments. Bucking sluggish seasonality into the to start with quarter, the small business momentum proceeds to stay robust at the instant. We will give thorough updates in the approaching earnings phone,” reported Mr. Jordan Wu, President and Chief Executive Officer of Himax. The Organization will provide its full economic report with investors and analysts at the following meeting call in February. The specific date will be introduced quickly.
About Himax Systems, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a fabless semiconductor resolution company committed to show imaging processing technologies. Himax is a worldwide marketplace leader in display driver ICs and timing controllers made use of in TVs, laptops, screens, cellular phones, tablets, digital cameras, car or truck navigation, digital truth (VR) devices and numerous other client electronics products. In addition, Himax types and supplies controllers for contact sensor shows, in-cell Touch and Display screen Driver Integration (TDDI) single-chip remedies, LED driver ICs, electricity administration ICs, scaler products for screens and projectors, tailor-produced movie processing IC remedies, silicon IPs and LCOS micro-shows for augmented fact (AR) products and heads-up displays (HUD) for automotive. The Business also presents digital digital camera methods, like CMOS image sensors and wafer level optics for AR gadgets, 3D sensing and device vision, which are utilized in a broad variety of programs this kind of as mobile telephones, tablets, laptops, TVs, Computer cameras, cars, safety, professional medical units, home appliance and Internet of Issues. Launched in 2001 and headquartered in Tainan, Taiwan, Himax currently employs all-around 2,000 people today from 3 Taiwan-based mostly 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 acceptance worldwide as of December 31st, 2020. Himax has retained its placement as the leading display imaging processing semiconductor option provider to buyer electronics models throughout the world.
http://www.himax.com.tw
Forward Wanting Statements
Variables that could cause genuine activities or success to vary materially involve, but not limited to, common company and economic problems and the point out of the semiconductor industry marketplace acceptance and competitiveness of the driver and non-driver merchandise made by the Enterprise demand for close-use programs products and solutions reliance on a smaller team of principal consumers the uncertainty of continued achievements in technological innovations our means to create and protect our mental home pricing pressures which includes declines in regular offering rates variations in shopper get patterns changes in approximated full-calendar year effective tax level shortages in supply of crucial factors alterations in environmental regulations and laws trade rate fluctuations regulatory approvals for even more investments in our subsidiaries our potential to collect accounts receivable and control inventory and other threats described from time to time in the Company’s SEC filings, which includes those dangers recognized in the portion entitled “Risk Factors” in its Kind 20-F for the 12 months ended December 31, 2019 submitted with the SEC, as may perhaps be amended.
Enterprise Contacts:
Eric Li, Main IR/PR Officer
Himax Systems, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
Email: [email protected]
www.himax.com.tw
Karen Tiao, Investor Relations
Himax Systems, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
E-mail: [email protected]
www.himax.com.tw
Mark Schwalenberg, Senior Vice President
Trader Relations -US Agent
MZ North The us
Tel: +1-312-261-6430
E-mail: [email protected]
www.mzgroup.us
