Lextar Reports 3Q 2017 Financial Results (2017.11.09)

Lextar Electronics Corp (“Lextar” or the “Company”) (TAIEX: 3698) reported consolidated revenue for the third quarter of 2017 of NT$ 3.2 billion, a QoQ increase of 4.4%. Consolidated gross margin was 15.5%, a YoY increase of 3.5 percent point  Net profit for 3Q 2017 was NT$ 42 million; a basic EPS for 3Q 2017 NT$ 0.08. 


3Q 2017 financial result highlights:

Revenues were NT$ 3.2 billion, up by 4.4% QoQ

Net gross was NT$ 42 million

Basic EPS were NT$ 0.08


Third quarter revenue growth momentum came mainly from backlighting applications; the company has continued to cultivate high-end technology and maintain market competitiveness, while lighting application business been moving to adjust the product portfolio and optimize design to maintain profitability, and developing high value-added customized modules and integrated lighting fixtures. Lextar will continue to strengthen their efforts in developing new products, with several new technological products already in close cooperation with customers, including Mini LED for backlighting applications, automotive lighting, as well as facial biometrics, iris identification recognition, large touch screens and other IR modules. Lextar expects to increase the new products' proportion of revenues gradually in the future.