Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance

In addition to the progress made in LPO/CPO, Himax is seeing an increase in engineering collaborations with global technology leaders who are leveraging Himax’s WLO expertise for AR/VR and a range of other applications, underscoring the widespread recognition of Himax’s technology. Himax believes that WLO will make a significant contribution to its overall revenue and profit in the coming year.

Fourth Quarter 2024 Guidance
Net Revenue: Flat to slightly down sequentially
Gross Margin: Flat to slightly up sequentially, depending on final product mix
Profit: 9.3 cents to 11.0 cents per diluted ADS


HIMAX TECHNOLOGIES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL
DATE:Thursday, November 7, 2024
TIME: U.S.8:00 a.m. EST
  Taiwan9:00 p.m.


Live Webcast (Video and Audio): http://www.zucast.com/webcast/naEJkyEo
Toll Free Dial-in Number (Audio Only):
 Hong Kong 2112-1444
Taiwan 0080-119-6666
Australia 1-800-015-763
Canada 1-877-252-8508
China (1) 4008-423-888
China (2) 4006-786-286
Singapore 800-492-2072
UK 0800-068-8186
United States (1) 1-800-811-0860
United States (2) 1-866-212-5567
Dial-in Number (Audio Only):
 Taiwan Domestic Access 02-3396-1191
International Access +886-2-3396-1191
Participant PIN Code: 1407507 #
 

If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 1407507 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where the webcast can be accessed through November 7, 2025

About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,683 patents granted and 390 patents pending approval worldwide as of September 30, 2024.

http://www.himax.com.tw

Forward Looking Statements

Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

Company Contacts:

Eric Li, Chief IR/PR Officer
Himax Technologies, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Karen Tiao, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Mark Schwalenberg, Director
Investor Relations - US Representative
MZ North America

Tel: +1-312-261-6430
Email: HIMX@mzgroup.us
www.mzgroup.us


-Financial Tables-

Himax Technologies, Inc.
Unaudited Condensed Consolidated Statements of Profit or Loss
(These interim financials do not fully comply with IFRS because they omit all interim disclosure required by IFRS)
(Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)
 
  Three Months
Ended  September 30,

  3 Months
Ended
June 30 ,
  2024
  2023
  2024
          
Revenues          
Revenues from third parties, net $ 222,401     $ 238,466     $ 239,610  
Revenues from related parties, net   6       49       12  
    222,407       238,515       239,622  
           
Costs and expenses:          
Cost of revenues   155,795       163,692       163,038  
Research and development   46,880       49,444       36,201  
General and administrative   6,828       7,050       5,692  
Sales and marketing   7,048       7,239       5,434  
Total costs and expenses   216,551       227,425       210,365  
           
Operating income   5,856       11,090       29,257  
           
Non operating income (loss):          
Interest income   2,297       1,837       3,044  
Changes in fair value of financial assets at fair value through profit or loss   27       (432 )     98  
Foreign currency exchange gains, net   457       764       403  
Finance costs   (1,018 )     (1,482 )     (1,014 )
Share of losses of associates   (143 )     (220 )     (107 )
Other income   105       409       4  
    1,725       876       2,428  
Profit before income taxes   7,581       11,966       31,685  
Income tax expense (benefit)   (5,174 )     1,214       1,978  
Profit for the period   12,755       10,752       29,707  
Loss (profit) attributable to noncontrolling interests   268       484       (81 )
Profit attributable to Himax Technologies, Inc. stockholders $ 13,023     $ 11,236     $ 29,626  
           
Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders $ 0.075     $ 0.064     $ 0.170  
Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders $ 0.074     $ 0.064     $ 0.169  
           
Basic Weighted Average Outstanding ADS   174,727       174,420       174,724  
Diluted Weighted Average Outstanding ADS   174,987       174,773       175,084  
                       

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