Lextar Reports 4Q and 2014 Full-Year Financial Results
Lextar Electronics Corp (“Lextar” or the “Company”) (TAIEX: 3698) reported consolidated revenue for the forth quarter of 2014 of NT$ 3.3 billion; consolidated gross margin was 14.2%, and net profit was NT$ 122 million. Consolidated revenue for full-year 2014 was NT$ 14.5 billion, setting the record high for 6 consecutive years since it was established, with a YoY growth of 5.6%. Consolidated gross margin was 14.6%, a 1.9% growth comparing to 2013. Full-year net profit was NT$ 630 million; a basic EPS for 2014 was NT$ 1.17.
2014 full-year result highlights：
Revenues were NT$ 14.5 billion, up 5.6% QoQ
Net profits were NT$ 630 million
Basic EPS were NT$ 1.17
In 2014, the demand for LED backlight and lighting applications had recovered. LED penetration rate in backlighting was almost 100%, and the lighting market also expanded from commercial markets to consumer markets. Lextar actively expanded new customers for the backlight field in the past, and results were shown in 2014. Direct-lit, 4K2K high resolution and low blue light eye-protection models were shipped in large quantities to first-tier brand customers, and Flip Chip and CSP (Chip Scale Package) technologies were implemented in direct-lit TV backlight models. As for lighting applications, in addition to Lextar’s current global lighting brand customers, Lextar also fought its way into regional lighting channel brands in 2014. Lextar’s ultra slim panel light “LEAFIA”, that has won Japanese Good Design Award 2014, is widely acclaimed in Europe, and its glass LED tubes have been shipped in large quantities to international brand customers. Lextar made great gains in lighting products and customers in 2014.
David Su, the Chairman and CEO of Lextar, stated that LED lighting will become the main growth engine in 2015. Products with high added value and new application fields have also become new trends. Lextar will stabilize backlight and expand lighting in 2015, and advance into new application fields, accumulating Lextar’s R&D capability in order to maintain its global industry position.