Himax Technologies announces updates to its financial guidance for the second quarter of 2022

Himax Technologies, Inc.

Himax Applied sciences, Inc.

Tainan, Taiwan, June 20, 2022 (GLOBE NEWSWIRE) — Himax Applied sciences, Inc., introduced at this time. (Nasdaq: HIMX) (“HIMAX” or “the Firm”), a number one provider and producer of show drivers and different semiconductor merchandise. Updates to the monetary steerage for the second quarter of 2022 for the three months ended June 30, 2022. Revised second-quarter income and earnings per share are decrease than the forward-looking steerage offered on Could 12, 2022. Gross margin steerage stays unchanged.

  • Income is anticipated to say no 22% – 27% sequentially, down from the earlier steerage of 16% – 20% for sequentially decline.

  • Gross margin is anticipated to be round 43.0% to 45.0%, which is similar because the earlier steerage.

  • Non-IFRS earnings per diluted ADS are anticipated to be within the vary of 40.0 cents to 45.0 cents, down from the earlier steerage of 45.0 cents to 50.0 cents.

  • IFRS earnings per diluted announcement are anticipated to be within the vary of 36.5 cents to 41.5 cents, down from earlier steerage of 41.5 cents to 46.5 cents.

The revised second quarter steerage displays a weaker macro surroundings and a slowdown in finish market calls for, on account of latest rate of interest hikes and inflationary stress. In response, panel clients are chopping manufacturing and additional tightening stock ranges. “We are going to present detailed updates on the upcoming earnings name,” stated Jordan Wu, President and CEO of Himax. The corporate will current its full monetary report with buyers and analysts on the upcoming August convention name. Precise date might be introduced quickly.

About Himax Applied sciences, Inc.

HIMAX Applied sciences (NASDAQ: HIMX) is a supplier of phablet-free semiconductor options devoted to showcasing imaging processing applied sciences. HIMAX is the worldwide market chief in show driver and timing controller built-in circuits for televisions, laptops, displays, cell phones, tablets, cars, digital cameras, automobile navigation, digital actuality (VR) gadgets and plenty of extra. Different shopper electronics. As well as, Himax designs and provides contact sensor show controllers, single-chip contact and show (TDDI) options, OLED ICs, LED driver ICs, energy administration ICs and LCoS micro-displays for augmented actuality (AR) gadgets and shows (HUDs). ) for automobiles. The corporate additionally provides CMOS picture sensors, chip degree optics for AR gadgets, 3D sensing and ultra-low energy AI picture sensing, that are utilized in a wide range of purposes corresponding to cell phone, pill, laptop computer, TV, pc digicam, car, safety, {hardware} Medical, Dwelling Equipment, AIoT, and many others. Based in 2001 and headquartered in Tainan, Taiwan, HIMAX at the moment employs roughly 2,100 individuals from three Taiwan-based workplaces in Tainan, Hsinchu and Taipei and nation workplaces in China, Korea, Japan, Israel, and america. HIMAX has 3,099 patents granted and 456 patents pending worldwide as of March 31, 2022. HIMAX has retained its place as a number one supplier of semiconductor imaging processing options for shopper digital manufacturers worldwide.

http://www.himax.com.tw

forward-looking statements

Elements that would trigger precise occasions or outcomes to vary materially from these described on this convention name embrace, however should not restricted to, the impression of the Covid-19 pandemic on the Firm’s enterprise; enterprise, basic financial situations and the state of the semiconductor trade; market acceptance and competitiveness of the driving force and non-driver merchandise developed by the corporate; Demand for end-use utility merchandise; Depend on a small group of main purchasers; uncertainty of continued success in technological improvements; our means to develop and defend our mental property; pricing pressures together with decreases in common promoting costs; modifications in buyer order patterns; Modifications within the estimated efficient tax fee for the complete yr; inadequate provide of the primary parts; modifications in environmental legal guidelines and rules; Modifications to the export license regulated by the Export Administration Rules (EAR); alternate fee fluctuations; regulatory approvals for additional investments in our subsidiaries; Our means to gather accounts receivable, handle stock and different dangers described every now and then within the Firm’s SEC filings, together with these dangers recognized within the part entitled “Danger Elements” on Type 20-F for the yr ended December 31, 2021 filed with the Securities and Trade Fee, It might even be modified.

Firm contacts:

Eric Lee, Senior Public Relations Officer/Public Relations
Himax Applied sciences, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
E-mail: hx_ir@himax.com.tw
www.himax.com.tw

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

Mark Schwalenberg, Director
Investor Relations – US Consultant
MZ North America
Tel: +1-312-261-6430
E-mail: HIMX@mzgroup.us
www.mzgroup.us