HIMAX TECHNOLOGIES Reports Q2 FY2023 Earnings Results on August 10, 2023
August 14, 2023
🌥️Earnings Overview
HIMAX TECHNOLOGIES ($NASDAQ:HIMX) released the financial results for the second quarter of FY2023 on August 10 2023. Revenue for Q2 came to USD 235.0 million, down 24.8% compared to the same quarter in the previous year. Net income for the quarter was USD 0.89 million, representing a 98.7% drop year-on-year.
Market Price
HIMAX TECHNOLOGIES reported its earnings results for the second quarter of the fiscal year 2023 on August 10, 2023. On the day of announcement, the stock opened at $6.5 and closed at $6.6 after a slight increase during the day. This growth was driven by higher demand for their products in the Asia Pacific region. Investors have been optimistic about the company’s performance and future prospects.
HIMAX TECHNOLOGIES has been focusing on increasing its market share in emerging markets and developing innovative products to keep up with its peers in the industry. Despite the overall positive performance, HIMAX TECHNOLOGIES stock still faces some uncertainty due to the ongoing global pandemic, which has resulted in a decrease in consumer spending. Nonetheless, investors remain bullish on the stock’s future prospects and are confident that the company will be able to continue to generate strong earnings in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Himax Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 955.16 | 66.29 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Himax Technologies. More…
| Operations | Investing | Financing |
| 69.85 | -69.55 | -240.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Himax Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.64k | 811.92 | 4.73 |
Key Ratios Snapshot
Some of the financial key ratios for Himax Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 444.0% | 7.1% |
| FCF Margin | ROE | ROA |
| 6.1% | 4.9% | 2.6% |
Analysis
At GoodWhale, we have conducted a thorough analysis of the wellbeing of HIMAX TECHNOLOGIES. After careful examination of their financial and business data, our Risk Rating has concluded that they are a high risk investment. Upon further investigation, we have identified two risk warnings in the company’s income sheet and balance sheet. To find out more about these potential risks, please become a registered user on our platform to access our detailed report. More…
Peers
The company offers a range of semiconductor products, including display drivers, power management ICs, and image sensors. Himax’s competitors include Elite Semiconductor Microelectronics Tech Inc, Novatek Microelectronics Corp, and Parade Technologies Ltd.
– Elite Semiconductor Microelectronics Tech Inc ($TWSE:3006)
Elite Semiconductor Microelectronics Tech Inc is a leading provider of advanced semiconductor solutions. The company has a market cap of 17.02B as of 2022 and a Return on Equity of 19.95%. Elite Semiconductor offers a comprehensive portfolio of products and services that enable its customers to develop innovative, high-performance semiconductor solutions. The company’s products are used in a variety of applications, including mobile devices, automotive electronics, industrial and consumer electronics, and communications and networking. Elite Semiconductor is headquartered in Hsinchu, Taiwan.
– Novatek Microelectronics Corp ($TWSE:3034)
Nanovatek Microelectronics Corp is a Taiwanese semiconductor company that designs, manufactures, and markets a variety of integrated circuits and semiconductor devices. The company has a market cap of 144.22B as of 2022 and a return on equity of 48.1%. Nanovatek’s products include a variety of analog and digital integrated circuits, as well as a number of other semiconductor devices. The company’s products are used in a variety of electronic products and applications, such as mobile phones, personal computers, and other digital consumer electronics.
– Parade Technologies Ltd ($TPEX:4966)
Parade Technologies Ltd is a leading provider of mixed-signal IC solutions for a variety of emerging applications. The company’s market cap is $54.66B as of 2022 and its ROE is 20.34%. Parade’s IC solutions are used in a variety of applications, including display interface, high-speed data storage and networking, and touch controllers. The company’s products are essential to the functioning of a variety of electronic devices, from smartphones to TVs to automotive infotainment systems.
Summary
Himax Technologies reported a 24.8% year-on-year decline in total revenue for the second quarter of 2023, resulting in a net income of 0.89 million, a 98.7% decrease compared to the previous year. This reflects the challenging economic environment that has been affecting the company’s business performance. Investors should consider the long-term fundamentals of the company, such as its product pipeline, customer base, and financial position, in order to assess its future potential and make a more informed decision. The stock price has responded to the financial results by dropping; however, it presents potential for investors who are willing to take a long-term view.
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