Lextar Reports 3Q 2018 Financial Results (2018.11.12)

 

Lextar Electronics Corp (TAIEX: 3698) reported consolidated revenue for 3Q 2018 of NT$ 3 billion, a QoQ increase of 0.8%. Consolidated gross margin was 17.4%, a QoQ increase of 2.6 percent. Net profit for 3Q 2018 was NT$ 110 million; a basic EPS of NT$ 0.22. 

 

3Q 2018 financial result highlights:

       Revenues were NT$ 3.0 billion, up by 0.8% QoQ

       Net gross was NT$ 110 million

       Basic EPS were NT$ 0.22

According to the company, the revenue growth contributing to the 3rd quarter was the traditional high season and the advanced delivery of lighting products in this quarter. In addition, thanks to the adjustments of product portfolio, the 3rd quarter shows a gross profit record high in the past 20 quarters. Now, Chuzhou factory is increasing its capacity rapidly and is predicted to reach its full capacity by the end of this year. This factory is expected to increase the productivity and promote an overall effect next year.

As for its products, Lextar focuses on the development of 4 new major applications. The mini LED backlight of the display application is under mass production and can be applied to the backlight of high-end laptops, gaming monitors and automotive panels. For mini LED RGB display, Lextar is collaborating with the customer to develop the small pitch LED which can be used on commercial public displays. For lighting applications, Lextar has been dedicated to cultivating lighting modules for professional applications, such as stage lighting, architectural lighting and plant lighting. In the advanced optoelectronic application field, Lextar has efficiently developed VCSEL components and products that have been successfully adopted by the well-known mobile phone brand in the 3rd quarter; this brings a significant meaning to Lextar’s achievements in 3D sensor market. Meanwhile, IR products are also used on smart watch by well-known global brands. In the automotive application sector, the automotive lighting components are adopted by primary domestic electric scooter and famous European motorcycle brands, demonstrating Lextar’s fruitful achievement of its deep cultivation in the original equipment market of automotive LEDs.