Himax Technologies, Inc. Reports First Quarter 2024 Financial Results; Provides Second Quarter 2024 Guidance
TAINAN, Taiwan, May 09, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the first quarter 2024 ended March 31, 2024.
- Himax net revenues registered $207.6 million, a decrease of 8.8% sequentially, exceeding its guidance range of a 9% to 16% decline.
- Sales of large panel driver ICs accounted for 15.1% of total revenues for the quarter, compared to 14.8% last quarter and 21.7% a year ago.
- First quarter revenues from its non-driver business exceeded guidance, reaching $32.0 million, an increase of 3.4% from the previous quarter.
- As of March 31, 2024, Himax had 174.7 million ADS outstanding, unchanged from last quarter.