VIA optronics AG (VIAO) Reports Q4 Loss of EUR0.92 on Revenues of EUR44.1M

VIA optronics AG (NYSE: VIAO) reported Q4 EPS of (EUR0.92). Revenue for the quarter came in at EUR44.1 million, versus EUR36 million reported last year.

• Total revenue of €44.1 million, or an increase of 22.5%, compared to €36.0 million in the fourth quarter of 2019.
  • Display Solutions revenue of €37.9 million, or an increase of 27.6%, compared to €29.7 million in the fourth quarter of 2019.
  • Sensor Technologies revenue of €6.2 million, flat as compared to €6.3 million in the fourth quarter of 2019.
• Gross profit margin in the fourth quarter of 2020 of 16.6% compared to 6.9% in the fourth quarter of 2019.
  • Display Solutions gross profit margin of 15.3% compared to 2.7% in the fourth quarter of 2019.
  • Sensor Technologies gross profit margin of 24.2% compared to 27.0% in the fourth quarter of 2019.
• Operating loss of €2.9 million, almost flat compared to an operating loss of €3.0 in the fourth quarter 2019.
• Net loss of €4.1 million, or loss of €0.92 per basic and diluted share, compared to net profit of €1.4 million, or profit of €0.47 per basic and diluted share, in the third quarter of 2020.
• EBITDA of €(1.2) million in the fourth quarter of 2020 compared to EBITDA of €(1.1) million in the fourth quarter of 2019.
  • Display Solutions EBITDA of €(2.3) million compared to EBITDA of €(2.1) million in the fourth quarter of 2019.
  • Sensor Technologies EBITDA of €1.1 million compared to an EBITDA of €1.0 million in the fourth quarter of 2019.

“We are pleased to end the year on a strong note and deliver double digit revenue growth,” said Jürgen Eichner, CEO & Founder of VIA. “During 2020, we made substantial progress on increasing our sales to automotive and industrial customers, which grew 77% and 23%, respectively, in the fourth quarter and represented 71% of total Display Solutions revenue. At the same time, we enhanced our visibility through new contract wins that extend out over several years while driving gross margin expansion. Looking ahead, to take advantage of increasing opportunities in the high growth auto and industrial end-markets we intend to invest in research and development as well as extending our sales organization. We believe that the quality of our growing pipeline combined with the improved visibility positions us well for continued growth in 2021 and beyond.”

For earnings history and earnings-related data on VIA optronics AG (VIAO) click here.

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