Lextar

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2020/03/10

Lextar Reports 4Q and 2019 Full-Year Financial Results

Lextar Electronics Corp (“Lextar” or the “Company”) (TAIEX: 3698) reported consolidated revenue for the forth quarter of 2019 of NT$ 2.1 billion, a 13.6% decrease comparing to 3Q. Consolidated gross margin was 5.6%, a 6.7% decrease comparing to 3Q.

 

Consolidated revenue for full-year 2019 was NT$ 9.1 billion , with a YoY decrease of 18.1%. Consolidated gross margin was 9.6%, the full-year net loss was NT$ 310 million; a basic EPS for 2019 was NT$- 0.61.

 

2019 full-year result highlights:

.Revenues were NT$ 9.1 billion

.Net loss attributable to owners of the Company at NT$ 310 million

.Basic EPS was NT$- 0.61元

 

Lextar indicated that in 2019, due to the impact of the uncertainties from the U.S.-China trade war, customer orders were relatively conservative; the imbalance of industrial demand and supply as well as pressure from competitions caused prices to drop, resulting in a decrease in 2019 revenue.As for the outlook for 2020, due to the impact of the COVID-19 epidemic in the first quarter, it caused supply chain disruption and tightened demands, which caused great impact on the global economy and uncertainty for this year’s prosperity.

 

Even though faced with external economic impact, Lextar is still actively promoting new products and increasing the proportion of new product technologies; its mini LED backlighting products continue to lead the industry. Currently, there are many cooperation cases that are being actively carried out with global customers and Lextar’s mini LED backlighting products have been implemented into various applications such as notebook, desktop monitors, car panels and TVs, etc. In addition, Lextar is also actively planning new application field products such as sensor components, UV and wearable devices, etc. In 3D sensing applications, VCSEL components with the ToF solution applied were successfully developed; and have been supplied to first-tier brand customers in the U.S., EU and China. Lextar also worked with customers to develop 3D facial recognition for vehicle applications to assist safe driving. Moreover, Lextar’s IR LED products have also been applied to markets such as surveillance and smart doorbells, etc. As for the wearable application components, Lextar has successfully become the main supplier of world-renowned sports smartwatch brands. The demand for UV products has also increased to be applied on markets including sterilization, medical treatment, printing and curing.

 

Faced with big environmental fluctuations and the fierce competitions in the LED market, not only has Lextar strengthened development for displays, sensing, automotive and professional lighting, it has also been involved in compound semiconductor field applying on communication and power device in response to the rising 5G market. In the future, Lextar will continue to strengthen its R&D, optimize production efficiency and accelerate the mass production of new products to seize opportunities.

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