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Lextar Electronics Corp. (“Lextar” or the “Company) (TAIEX: 3698) today reported its financial performance for the first quarter of 2013. Lextar recorded consolidated revenue of NT$2.89 billion, up 22.5% from the previous quarter and 31.7% of YoY increase. Lextar’s gross margin for Q1 was 6.8%, consolidated net profit was NT$ 437 million, and EPS was NT$ 0.92. The Company also announced that its sales for April of 2013 were NT$ 1.24 billion, MoM up 13% and YoY up 47%.

1Q 2013 Result Highlights：

• 	Revenue was NT$ 2,89 million, a QoQ increase of 22.5% and YoY increase of 31.7%

• 	Net profit was NT$ 437 million

• 	Basic EPS was NT$ 0.92
  	Gross margin was 6.8%

Due to conventional low season of Q1 and restructured product portfolio after merger with Wellypower, the gross margin declined from previous quarter, said B.Y. Chang, CFO and Vice President of Lextar. On the other hand, fueled by the capital gains from acquisition, EPS for Q1 was recorded NT$ 0.92. Days sales of inventory also improved from 74 days to 63 days compared to the previous quarter, reflecting its efficient management on capital.

Looking forward, Lextar has seen business to trend up in both backlighting and lighting markets through Q2 which brings net profit rise. Capacity utilization will thus be expected to climb to 70% to 80%, and gross margin growth is going to pick up with restructured product portfolio. The Company sees significant recovery on backlighting for smartphones and tablets. Add to that it begins shipments of the new generation light tubes to clients in Japan. The Company predicts that the new lighting products plus strong demand for lighting components from China will boost Q2 sales in lighting segment.