Himax Technologies, Inc. Announces TDDI Solution Design-Ins
Aug 18 15
Himax Technologies, Inc. announced design-ins with key panel makers and OEMs for its single-chip touch and display driver integration solution, HiSIT. In addition to the existing shipment of out-cell and on-cell solutions, Himax's "HiSIT" TDDI solution is ready for mass production and is expected to start shipping by the fourth quarter of 2015. HiSIT could lower system level costs for panel makers and simplify supply chain management for OEMs. This single-chip solution will help handset makers deliver thinner, lighter, and sleeker designs with significantly enhanced performance. The industry is seeking cost effective and innovative display and touch solutions for smartphones and tablets, and HiSIT offers a combination of Himax's highly recognized display driver and proven touch solution in a sophisticated structure that supports full in-cell touch displays for HD resolution smartphones and WXGA resolution tablets.
Himax Technologies, Inc. Announces Ultra-Low Power Consumption eDP 1.4 TCON
Aug 13 15
Himax Technologies, Inc. announced ultra-low power consumption eDP 1.4 timing controller that supports ultra-high resolution panels for tablets, notebooks and monitors. Himax's eDP 1.4 TCON is unique and very competitive in that it pairs with nVIDIA's G-SYNC™ and AMD's FreeSync™ technologies for graphic cards to process 3D graphics on ultra-high resolution displays, eliminating screen tearing and minimizing stutter and input latency. For gamers or anyone looking for superior visuals on ultra-high resolution devices, eDP 1.4 TCON is key to achieve such performance. The eDP 1.4 TCON supports up to the latest G-SYNC™ version 1.0, a development beyond industry pace. Himax's eDP 1.4 TCON supports the latest version of VESA (Video Electronics Standards Association) standard and enjoys its competitive edge through two technological advantages. First, the product has a high speed interface at 5.4G BPS per lane to support 4K2K displays and beyond. Second, the innovative PSR (Panel Self Refresh)/PSR2 technology intelligently incorporates the CPU/GPU dormant concept that lowers display-related system power consumption through allowing the CPU/GPU to flexibly switch from normal state to intermittent low-power state during a static image condition. Himax's eDP 1.4 TCON includes an integrated frame buffer that stores the display image while the system enters panel self-refresh mode, which reduces the power usage of the CPU/GPU to extend battery life. When the display resolution is higher, power saving benefits will be more substantial. This feature is an advanced solution that addresses battery issues in ultra-high resolution mobile devices which consume much power from panels and GPU.
Himax Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015
Aug 7 15
Himax Technologies, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $169,185,000 against $196,404,000 a year ago. Operating income was $8,874,000 against $18,430,000 a year ago. The decline was mainly due to lower sales, decreased gross margin, and higher expenses in the quarter. Earnings before income taxes were $10,195,000 against $29,343,000 a year ago. Net income attributable to the company was $8,832,000 or $0.051 per diluted ADS share against $24,112,000 or $0.140 per diluted ADS share a year ago. Net cash used in operating activities was $13,769,000 against net cash provided by operating activities of $22,885,000 a year ago. Purchases of property and equipment were $2,019,000 against $3,781,000 a year ago. Net income attributable to the company stockholders excluding share-based compensation and acquisition-related charges was $9,349,000 against $24,488,000 a year ago. Diluted non-GAAP earnings per ADS attributable to the company stockholders excluding share-based compensation and acquisition-related charges were $0.054. GAAP net income declined 63.4% year-over-year and declined 29.7% from the previous quarter. The year-over-year decline was due to lower sales and gross margin, higher operating expenses, and a one-time investment gain of $8.5 million or 5.0 cents in the second quarter last year. Excluding the one-time investment gain influence, GAAP net income declined 51.3% year-over-year. The sequential decline was due to lower sales and gross margin in the quarter.
For the six months, the company reported net revenues of $348,230,000 against $391,046,000 a year ago. Operating income was $24,522,000 against $37,533,000 a year ago. Earnings before income taxes were $25,672,000 against $48,395,000 a year ago. Net income attributable to the company was $21,397,000 or $0.124 per diluted ADS share against $39,826,000 or $0.231 per diluted ADS share a year ago. Net cash used in operating activities was $17,480,000 against net cash provided by operating activities of $32,190,000 a year ago. Purchases of property and equipment were $3,861,000 against $6,490,000 a year ago. Net income attributable to the company stockholders excluding share-based compensation and acquisition-related charges was $22,433,000 against $40,708,000 a year ago. Diluted non-GAAP earnings per ADS attributable to the company stockholders excluding share-based compensation and acquisition-related charges were $0.130.
For the third quarter of 2015, the company’s net revenue expected to be down 5% to 9% as compared to the second quarter of 2015. Gross margin expected to be down about 1.5% from the second quarter of 2015. GAAP EPS expected to be negative 1.5 cents to negative 0.9 cents per diluted ADS, as compared to 5.1 cents reported in the second quarter of 2015. Non GAAP EPS expected to be in the range of 1.0 cents to 1.6 cents per diluted ADS, as compared to 5.4 cents reported in the second quarter of 2015.