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Lextar Reports 1Q 2019 Financial Results

Lextar Electronics Corp (“Lextar” or the “Company”) (TAIEX: 3698) reported consolidated revenue for 1Q 2019 of NT$ 2.2 billion, a QoQ decrease of 10.4%. Consolidated gross margin was 0.9%, a QoQ decrease of 10 percent. Net profit attributable to owners of the Company for the first quarter of 2019 was NT$ 113 million, with a basic EPS of NT$ 0.22.

1Q 2019 financial result highlights: 

  • lextar_tri_r_icon.png Revenues of NT$ 2.2 billion, down by 10.4% QoQ
  • lextar_tri_r_icon.png Net profit attributable to owners of the Company at NT$ 113 million
    lextar_tri_r_icon.png Basic EPS at NT$ 0.22

Lextar stated that the first quarter which coincided with the traditional off-season, coupled with the decrease in working days and market price decline, resulted in a decrease in the revenue. With the increasing demand for high-end displays such as gaming monitors, the mini LED backlight products of Lextar have taken the lead in the industry last year. Lextar will release the Mini LED module with higher system integration to achieve advanced dynamic contrast. In addition, various products of visible light and invisible light have also been developed in automotive applications. Lextar has launched the automotive LED matrix light source module in the Shanghai International Automotive Lighting Exhibition (ALE), which is capable of projecting dynamic graphics or messages on the road. It is the pioneer concept product for the future automotive application market. Lextar has also released the 3D sensing VCSEL component product that can be used in gesture recognition in the automotive driving center information display (CID) menu, and face recognition for doze prevention applications. Lextar is accelerating the development in the application field of advanced optoelectronic semiconductors. The company is becoming a vertical integration solution provider for R/G/B visible and invisible light, and it is broadly recruiting technical talents to invest in the field of next-generation optoelectronic semiconductor applications.