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Himax Technologies, Inc. Reports Third Quarter 2020 Financial Results; Provides Fourth Quarter 2020 Guidance

Written by Customer Service on . Posted in Public Companies.

Company Q3 2020 Revenue, Gross Margin and EPS all Exceed Guidance; Revenue, Gross Margin and EPS all meet Its Pre-Announced Key Financial Results
Provides Q4 2020 Guidance: Revenue to increase by around 10% sequentially, Gross Margin is expected to be around 29%, IFRS profit per diluted ADS to be around 15.0 cents to 16.0 cents, and Non-IFRS profit per diluted ADS to be around 15.1 cents to 16.1 centsQ3 revenue increased 28.3% sequentially to $239.9M, exceeding the guidance of an increase of around 20% sequentiallyProduct sales: large driver ICs, 23.2% of revenue, down 6.3% QoQ; small and medium-sized driver ICs, 63.2% of revenue, up 53.5% QoQ; non-driver products, 13.6% of revenue, up 13.3% QoQ

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