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 head-up displays (HUD) for automotive. 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, medical devices and Internet of Things. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs over 2,100 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan and the US. Himax has 2,948 patents granted and 437 patents pending approval worldwide as of December 31st, 2016. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.
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, 2015 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
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
Greg Falesnik, Managing Director
MZ North America
Tel: +1-212-301-7130
Email:
greg.falesnik@mzgroup.us
www.mzgroup.us
| -Financial Tables- | |||||||||||
| Himax Technologies, Inc. | |||||||||||
| Unaudited Condensed Consolidated Statements of Income | |||||||||||
| (These interim financials do not fully comply with US GAAP because they omit all interim disclosure required by US GAAP) | |||||||||||
| (Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data) | |||||||||||
|
Three Months
Ended December 31 , |
Three Months
Ended September 3 0 , | ||||||||||
| 20 1 6 | 20 1 5 | 20 1 6 | |||||||||
| Revenues | $ | 203,443 | $ | 177,977 | $ | 218,081 | |||||
| Costs and expenses: | |||||||||||
| Cost of revenues | 164,517 | 137,243 | 162,348 | ||||||||
| Research and development | 21,826 | 22,575 | 28,789 | ||||||||
| General and administrative | 4,950 | 4,544 | 5,774 | ||||||||
| Sales and marketing | 5,289 | 5,004 | 5,874 | ||||||||
| Total costs and expenses | 196,582 | 169,366 | 202,785 | ||||||||
| Operating income | 6,861 | 8,611 | 15,296 | ||||||||
| Non operating income (loss) : | |||||||||||
| Interest income | 399 | 188 | 264 | ||||||||
| Gains on sale of securities, net | 5 | 159 | 95 | ||||||||
| Equity in income (losses) of equity method investees | (712 | ) | 262 | (206 | ) | ||||||
| Foreign currency exchange gains (losses), net | 686 | (28 | ) | (486 | ) | ||||||
| Interest expense | (131 | ) | (141 | ) | (133 | ) | |||||
| Other income (losses), net | 2 | (77 | ) | 2 | |||||||
| 249 | 363 | (464 | ) | ||||||||
| Earnings before income tax es | 7,110 | 8,974 | 14,832 | ||||||||
| Income tax expense | 3,609 | 3,759 | 1,441 | ||||||||
| Net income | 3,501 | 5,215 | 13,391 | ||||||||
| Net loss attributable to noncontrolling interests | 938 | 915 | 207 | ||||||||
| Net income attributable to Himax Technologies, Inc. stockholders | $ | 4,439 | $ | 6,130 | $ | 13,598 | |||||
| Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders | $ | 0.026 | $ | 0.036 | $ | 0.079 | |||||
| Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders | $ | 0.026 | $ | 0.036 | $ | 0.079 | |||||
| Basic Weighted Average Outstanding ADS | 1 72,399 | 1 72,303 | 1 72,304 | ||||||||
| Diluted Weighted Average Outstanding ADS | 172,415 | 172,303 | 172,356 | ||||||||
