In addition to the progress made in LPO/CPO, Himax is seeing an increase in engineering collaborations with global technology leaders who are leveraging Himax’s WLO expertise for AR/VR and a range of other applications, underscoring the widespread recognition of Himax’s technology. Himax believes that WLO will make a significant contribution to its overall revenue and profit in the coming year.
| Fourth Quarter 2024 Guidance | ||
| Net Revenue: | Flat to slightly down sequentially | |
| Gross Margin: | Flat to slightly up sequentially, depending on final product mix | |
| Profit: | 9.3 cents to 11.0 cents per diluted ADS | |
| HIMAX TECHNOLOGIES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL | ||
| DATE: | Thursday, November 7, 2024 | |
| TIME: | U.S. | 8:00 a.m. EST |
| Taiwan | 9:00 p.m. | |
| Live Webcast (Video and Audio): http://www.zucast.com/webcast/naEJkyEo | |
| Toll Free Dial-in Number (Audio Only): | |
| Hong Kong 2112-1444
Taiwan 0080-119-6666 Australia 1-800-015-763 Canada 1-877-252-8508 China (1) 4008-423-888 China (2) 4006-786-286 Singapore 800-492-2072 UK 0800-068-8186 United States (1) 1-800-811-0860 United States (2) 1-866-212-5567 | |
| Dial-in Number (Audio Only): | |
| Taiwan Domestic Access 02-3396-1191
International Access +886-2-3396-1191 | |
| Participant PIN Code: 1407507 # | |
If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 1407507 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where the webcast can be accessed through November 7, 2025
About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,683 patents granted and 390 patents pending approval worldwide as of September 30, 2024.
Forward Looking Statements
Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; 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; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); 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, 2023 filed with the SEC, as may be amended.
Company Contacts:
Eric Li, Chief IR/PR Officer
Himax Technologies, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
Email:
hx_ir@himax.com.tw
www.himax.com.tw
Karen Tiao, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email:
hx_ir@himax.com.tw
www.himax.com.tw
Mark Schwalenberg, Director
Investor Relations - US Representative
MZ North America
Tel: +1-312-261-6430
Email:
HIMX@mzgroup.us
www.mzgroup.us
-Financial Tables-
| Himax Technologies, Inc. | |||||||||||
| Unaudited Condensed Consolidated Statements of Profit or Loss | |||||||||||
| (These interim financials do not fully comply with IFRS because they omit all interim disclosure required by IFRS) | |||||||||||
| (Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data) | |||||||||||
|
Three Months
Ended September 30, |
3 Months
Ended June 30 , | ||||||||||
|
2024
|
2023
|
2024
| |||||||||
| Revenues | |||||||||||
| Revenues from third parties, net | $ | 222,401 | $ | 238,466 | $ | 239,610 | |||||
| Revenues from related parties, net | 6 | 49 | 12 | ||||||||
| 222,407 | 238,515 | 239,622 | |||||||||
| Costs and expenses: | |||||||||||
| Cost of revenues | 155,795 | 163,692 | 163,038 | ||||||||
| Research and development | 46,880 | 49,444 | 36,201 | ||||||||
| General and administrative | 6,828 | 7,050 | 5,692 | ||||||||
| Sales and marketing | 7,048 | 7,239 | 5,434 | ||||||||
| Total costs and expenses | 216,551 | 227,425 | 210,365 | ||||||||
| Operating income | 5,856 | 11,090 | 29,257 | ||||||||
| Non operating income (loss): | |||||||||||
| Interest income | 2,297 | 1,837 | 3,044 | ||||||||
| Changes in fair value of financial assets at fair value through profit or loss | 27 | (432 | ) | 98 | |||||||
| Foreign currency exchange gains, net | 457 | 764 | 403 | ||||||||
| Finance costs | (1,018 | ) | (1,482 | ) | (1,014 | ) | |||||
| Share of losses of associates | (143 | ) | (220 | ) | (107 | ) | |||||
| Other income | 105 | 409 | 4 | ||||||||
| 1,725 | 876 | 2,428 | |||||||||
| Profit before income taxes | 7,581 | 11,966 | 31,685 | ||||||||
| Income tax expense (benefit) | (5,174 | ) | 1,214 | 1,978 | |||||||
| Profit for the period | 12,755 | 10,752 | 29,707 | ||||||||
| Loss (profit) attributable to noncontrolling interests | 268 | 484 | (81 | ) | |||||||
| Profit attributable to Himax Technologies, Inc. stockholders | $ | 13,023 | $ | 11,236 | $ | 29,626 | |||||
| Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders | $ | 0.075 | $ | 0.064 | $ | 0.170 | |||||
| Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders | $ | 0.074 | $ | 0.064 | $ | 0.169 | |||||
| Basic Weighted Average Outstanding ADS | 174,727 | 174,420 | 174,724 | ||||||||
| Diluted Weighted Average Outstanding ADS | 174,987 | 174,773 | 175,084 | ||||||||
