Himax Technologies ( (HIMX) ) has released its Q4 earnings. Here is a breakdown of the information Himax Technologies presented to its investors.
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Himax Technologies, Inc., a fabless semiconductor company, is a key player in the display imaging processing sector, providing innovative solutions for automotive, AIoT, and AR/VR applications. The company recently reported its financial results for the fourth quarter and full year of 2024, showcasing a significant performance by surpassing its own guidance in revenues, gross margin, and earnings per share. Himax’s fourth-quarter 2024 revenues reached $237.2 million, a 6.7% increase from the previous quarter, driven by strong order momentum and an improved product mix. The gross margin for the quarter stood at 30.5%, with an after-tax profit of $24.6 million. For the full year, revenues were $906.8 million, with a gross margin of 30.5% and profits of $0.46 per diluted ADS. Looking ahead to the first quarter of 2025, Himax anticipates a revenue decline of 8.5% to 12.5% quarter-over-quarter due to seasonal demand variations, but still expects a year-over-year increase in profit per diluted ADS by 26% to 54%. The company remains optimistic about its automotive and WiseEye AI businesses, which are poised for continued growth amidst advancements in AR glasses and AI technologies.
