Himax Technologies, Inc. Reports First Quarter 2020 Financial Results; Provides Second Quarter 2020 Guidance
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Himax Technologies (HIMX) Tops Q1 EPS by 1c, Revenues Miss
May 7, 2020 5:52 AM EDTHimax Technologies (NASDAQ: HIMX) reported Q1 EPS of $0.022, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $184.6 million versus the consensus estimate of $186.63 million.
Q1 revenue increased 5.5% sequentially to $184.6M, at the midrange of the guidance of an increase between 1% to 10%Product sales: large driver ICs, 33.2% of revenue, up 6.0% QoQ; small and medium-sized driver ICs, 47.4% of revenue, up 7.9% QoQ; non-driver products, 19.4% of revenue, down 0.6% QoQQ1 IFRS gross margin was 22.7%, up 210 bps sequentially, exceeding the guidance of an increase of 1% to 2% compared to the fourth... More