Himax Technologies (HIMX) Prelim. Q1 Revenue Tops Expectations

Himax Technologies, Inc. (Nasdaq: HIMX) preannounced its first quarter revenues. Despite foreseen inventory buildup for a Korean customer, the Company remains confident in its product and technology development across each of its businesses: large panel display drivers, small and medium sized displays, and its non-driver businesses, including LCoS, CMOS image sensors, and new technologies in WLO and array lenses.

Himax is preannouncing its first quarter 2014 revenues and gross profit margin. The Company will provide its entire financial report in early May, and also host a conference call with investors. The preannouncement of revenues and gross margin are included below versus its first quarter 2014 Guidance originally provided on its fourth quarter and full year 2013 earnings call on February 13, 2014:

1Q2014 Revenue: $194.6 million, an increase of 10.8% year over year versus Company guidance of "Flat to slight down sequentially and up ~11% from Q1 2013"

(Street sees Q1 revenue of $193.58 million)

1Q2014 Gross Margin: 24.7% versus Company guidance of "Down slightly from Q4 2013"

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Community West Bancshares (CWBC) Tops Q1 EPS by 7c
• Endexx Corporation (EDXC) Reports Q1 Loss of $0.01