2012-10-25

AIXTRON: Slower Than Expected Recovery of Demand leads to EUR 51.5m Inventory Write-Downs

The Company will not Return to Profitability within the Current Year. AIXTRON SE (ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the global semiconductor industry, wrote down EUR 51.5m of inventory due to a significantly slower than expected recovery of demand for MOCVD equipment. The devaluation followed a comprehensive review of Inventory held, which concluded that despite the positive long-term outlook for the LED industry, the existing stock held was inappropriately high in comparison to the current subdued level of demand ...
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2012-10-25

Taiwan I Chiun Precision Industry Co. Makes Good Marks in Q3 Sales

Taiwan’s LED makers have made good marks in sales for the third-quarter peak season. I Chiun Precision Industry Co., claimed that its Q3 profits were up an astounding 350% from its total for the first half of 2012. I Chiun Precision reported after-tax profits of US$3.66 million in Q3, more than three and a half times its first-half profits of US$1.031 million. The firm’s after-tax profit for the first three quarters totaled US$4.7 million, yielding earnings per share (EPS) of US$ 0.023. And the company spokesman B.R. Yang pointed out that with ...
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2012-10-24

Veeco Q3 2012 Financial Results Reduce by Lack of MBE & MOCVD Orders

Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the third quarter ended September 30, 2012. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items.   Third Quarter 2012 Results John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco’s third quarter revenue was $127 million, and adjusted EBITA and non-GAAP earnings per share were $17 million and $0.34, in line with our guidanc...
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2012-10-22

Philips' Q3 LED Sales Grew by 51%

Philips reports third-quarter comparable sales growth of 5% to EUR 6.1 billion; EBITA of EUR 450 million • Comparable sales up 5%, with all three sectors contributing to growth • Sales in growth geographies up 10% on a comparable basis, now representing 36% of total revenue • Reported EBITA of EUR 450 million, or 7.3% of sales • Net income of EUR 170 million • Free cash flow of EUR 395 million   Q3 financials: Strong growth at Healthcare and growth businesses in Consumer Lifestyle. Profit margin improvements for the G...
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2012-10-17

Cree Reports Financial Results for the First Quarter of Fiscal Year 2013

Quarterly Revenue increased 17% year-over-year to a record $316 million; Quarterly Net Income increased 26% year-over-year to $16.1 million Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced revenue of $315.8 million for its first quarter of fiscal 2013, ended September 23, 2012. This represents a 17% increase compared to revenue of $269.0 million reported for the first quarter of fiscal 2012 and a 3% increase compared to the fourth quarter of fiscal 2012. GAAP net income for the first quarter was $16.1 million, or $0.14 per diluted share, a...
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2012-10-15

Taiwan LiteOn Receives New High Sales in Sept. Revenues

Taiwan LiteOn Technology Corporation has hit a two-year monthly high in September revenues, benefiting from its cloud computing server power- management and LED products. The company’s PC peripherals has enjoyed new highs in sales as the coming launch of Win 8 from Microsoft, sales of related products for notebook and tablets as keyboard and mouse will boom. The company’s global combined revenues in September reached US$ 360.66 million, rising 4% month on month (MoM), up 6% YoY, hitting a two-year monthly high, with first-nine-month global combined rev...
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2012-10-10

Taiwan’s Unity Opto and Lextar Made Good Marks in Revenue in September

Taiwan’s Unity Opto and Lextar have made good marks in revenue in September.Unity Opto’s revenue reach a new high of US$30 million in September while Lextar’s consolidated revenue of US$33.5 million for the month hit a hit a 26-month high. Unity Opto pointed out that its growth potential remains strong in October thanks to mainland China’s subsidization to LCD TV consumers and rollouts of touch-screen laptops by many PC makers. Both drive up demands for LED backlights, a major product at Unity and Lextar. In particular, Unity Opt...
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2012-09-26

Lighting Science Group Concludes Final Tranche of $168 Million Equity Raise

Company Closes on $49 Million Equity Investment by World-Class Institutional Investors Expected to Allow Company to Meet Growing Product Demand, Maintain Market Leadership Position and Accelerate its Drive to Profitability Lighting Science Group Corporation announced that it has closed on $49 million in preferred stock financing, representing the final tranche of the $168 million equity financing first announced by the Company on May 29, 2012 and surpassing the financing commitments disclosed at that time. The latest funding tranche was provided by Zou...
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2012-08-31

CRS Electronics Announced 2012 Q2 Financial Results

CRS Electronics Inc. has announced financial results for the three and six month periods ended June 30, 2012. For the three months ended June 30, 2012, the Company reported sales of $687,700 and a net loss of $0.02 per share as compared to sales of $614,900 and a net loss of $0.02 per share in the same period one year ago. For the six months ended June 30, 2012, the Company reported sales of $2.0 million and a net loss of $2.1 million or $0.05 per share. This compares to sales of $1.2 million and a net loss of $1.1 million or $0.03 per share for the same six-month period l...
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2012-08-15

Energy Focus Releases Financial Results for Q2 of 2012

Energy Focus, Inc. announced financial results for the second quarter ended June 30, 2012.   Financial results for the second quarter of 2012 include the following: --  Net sales were $7.7 million compared to $8.2 million for the second quarter of 2011. --  Gross margins improved to 22.2 percent of net sales compared to 18.9 percent of net sales for the second quarter of 2011. --  The net loss of $0.9 million improved $0.3 million compared to the second quarter's 2011 net loss of $1.2 million on $0.5 million lower sales.      &...
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2012-08-14

Taiwan LED Makers Operation Results Impacted by European Debt Crisis

Looking at Taiwan LED makers’ operation results, it turns out that the debt crisis will impact them to different degrees in the second half. Unity Opto Technology, had revenue of NT$785 million (US$26.2 million) in July, a 10% month-on-month (MoM) increase and a record monthly high. The company attributed the record monthly high to many positive factors including additional orders from customers for new products, increasing demand from LED backlighting modules, increasing shipments of LCD TVs and tablet PCs from Taiwan-based EMS (electronics manufact...
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2012-08-14

Onteco Corporation Received $2.9 million Stock under Its First International Licensing Agreement

Onteco Corporation, had received 2,037,948 shares of common stock of a publicly-traded company currently listed on the Frankfurt Stock Exchange. The stock is presently valued at $2.9 million U.S. dollars and is part of the payment due under the terms of the international licensing agreement signed April 30, 2012, with JARLYN S.A., ("JARLYN") a Uruguayan corporation, for Onteco's  proprietary LED intellectual property ("IP"), developed by its subsidiary, NexPhase Lighting, Inc. ("NexPhase"). Under the terms of t...
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2012-08-13

Lextar Reports 2Q 2012 Financial Results: Gross margin 15.1%, EPS NT$ 0.3

Lextar Electronics Corp. (“Lextar” or the “Company) (TAIEX: 3698) announced its results for the second quarter of 2012. The Company reported consolidated revenue of NT$ 2,611 million, up 19% from the previous quarter and near 10% of YoY increase.  Gross profit was NT$ 650 million with the gross margin of 15.1%, a 3.2 percentage point QoQ growth.  Lextar’s consolidated net profit for the second quarter of 2012 was NT$ 126 million, EPS NT$ 0.3. For the first half of 2012 Lextar’s consolidated revenue reported NT$ 4,805 million with an EPS of NT$ 0.3.
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2012-08-09

Toyoda Gosei Recovers Its Q1 LED Revenue up to 55 Billion Yen

Toyoda Gosei has undergone a hard time in the first half of 2011, but its revenue firmed up till second half, to 4th quarter was fully restored. And yet its Q1 revenue of 2012 also keeps the very successful performance just like Q4 last year, even the company increase profit forecast for Q2. The LED department of Toyoda Gosei had hard time when Q3 of 2011 as well. Until the new LED product line which Saga factory lead in goes into MP and the demands of Tabled PC backlighting with LED potted elements increased, Q4 revenue recovered remarkably. Besides, the revenu...
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2012-08-08

Cree Reports Financial Results for Q4 and Fiscal Year 2012

Cree has announced revenue of $306.8 million for its fourth quarter of fiscal 2012, ended June 24, 2012.  This represents a 26% increase compared to revenue of $243.0 million reported for the fourth quarter of fiscal 2011 and an 8% increase compared to the third quarter of fiscal 2012.   GAAP net income for the fourth quarter was $10.0 million, or $0.09 per diluted share, a decrease of 49% year-over-year compared to GAAP net income of $19.8 million, or $0.18 per diluted share, for the fourth quarter of fiscal 2011. On a non-GAAP basis, net income for the fourth qu...
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2012-08-08

Everlight, Lextar, Unity Opto Announces Mixed Revenue Results for July

Taiwan major LED companies Everlight, Lextar, Unity Opto Technology Co have released mixed results for July. Everlight’s revenue fall 4.83% Everlight’s filing with the Taiwan Stock Exchange has shown that its revenue fall 4.83 percent to NT$1.42 billion (US$47.4 million) last month from June. The company attributed the decline to shorter working days, as employees went on annual leave. On an annual basis, last month’s sales grew 5.6 percent from NT$1.34 billion a year earlier. Accumulated revenue for the first seven months of the year totale...
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2012-08-06

GT Advanced Technologies Inc. Announces Results for Quarter Ending June 30, 2012

GT Advanced Technologies Inc. (NASDAQ: GTAT) reported results for the second quarter of calendar year 2012, which ended June 30, 2012. Effective April 16, 2012, the company changed its fiscal year-end to December 31. The second quarter of calendar 2012 is the first quarterly period of the company’s nine month transition period ending December 31, 2012. Revenue for the second quarter of calendar 2012 exceeded the company’s previously issued guidance at $167.3 million, compared to $353.9 million in the first quarter of calendar 2012 and $231.1 million in th...
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2012-08-06

PhotonStar LED Makes Progress in Revenue for the first half of 2012

PhotonStar LED has made progress in its revenue for the first half of 2012 up to 30 June, with a 50 per cent increase. According to the company, its revenue rose to £3.82m from £2.54m for the same period in 2011. Gross profit also increased by 62 per cent to £1.51m, when compared to the revenue of the first half of last year, which saw a total of £0.93m being made. In addition, the company has set up two new facilities in first six months of 2012, with a commercial production plant for ChromaWhite products in Romsey and an LED fixtures manufacturi...
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2012-08-01

Siemens to Spin-off Osram in Early 2013

Siemens has shelved plans to float its lighting business, Osram, on the stock market and instead will spin off the company early next year, according to its chief executive Peter Loescher . The company's net profit of Euro 823 million, missed analysts' estimates of Euro 1.32 billion, due to an accounting charge relating to Osram. Peter Loscher said at his third quarter earnings conference call, “Since market conditions continue to be volatile for an IPO, we have decided to pursue a spin-off to our shareholders as the most probable part of divestiture. This ...
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2012-07-27

AIXTRON orders & revenues stabilize in Q2'12

- Increased Order Intake and EBIT profitability expected to return within H2/2012 - - 2013 expected to be a growth year - - AIXTRON’s non-LED activities gaining traction - Aachen, Germany, July 26, 2012 – AIXTRON SE (ISIN DE000A0WMPJ6), a leading provider of deposition equipment to the global semiconductor industry, has seen its Q2 revenues and orders stabilize at the levels of Q1. With EUR 46.1m in revenues and an EBIT of EUR -16.5m, the Company has achieved a sequential improvement of its financial results....
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2012-07-27

Veeco Reports Second Quarter 2012 Financial Results

Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the second quarter ended June 30, 2012. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Second Quarter 2012 Results John R. Peeler, Veeco’s Chairman and Chief Executive Officer, commented, “Veeco continues to deliver solid results in a soft market. Second quarter revenue was $137 million, and adjusted EBITA and non-GAAP earnings per share were $20 million and...
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2012-07-26

Cooper Industries Reports Record Second Quarter Results

- Second Quarter EPS a Record $1.17, Up 22% - Total Revenue up 7.4%, Core Revenue up 5.5% Cooper Industries plc (NYSE: CBE) today reported record second quarter earnings per share of $1.17, an increase of 22% compared to earnings per share of $.96 for the same period last year.  Total operating profit margin was 16.7% for the second quarter of 2012, an increase from 15.8% in the same period last year.  During the quarter, the Company recognized $10.7 million of expense relating to the previously announced Eaton Corporation (NYSE: ETN) transaction...
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2012-07-24

Bidding for China LED Subsidies Restarted, Taiwan LED Firms in Advantageous Position

In order to improve the quality of LED lighting subsidies’ beneficiaries, China’s National Development and Reform Commission plans to restart the bidding for the SSL Lighting Product Subsidy. On July 25-26, the commission will accept withdraws from companies that have entered the bidding in February, which is good news for Taiwanese upstream and midstream LED firms. According to LEDinside survey, the new bidding forbids companies to jointly bid, which is good for large-scale companies and will help keep the bidding price and the quality close, and ther...
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2012-07-24

Philips Announces Second Quarter and Semi-Annual Results 2012

Philips has released its second quarter and semi-annual results 2012. According to the company, its second-quarter comparable sales have reached to EUR 5.9 billion, increasing by 5%. Other results as following, •Growth led by 7% growth at Healthcare and 6% growth at Lighting • Sales in growth geographies up 11% on a comparable basis, now representing 35% of total revenue • Reported EBITA of EUR 450 million, or 7.6% of sales • Net income of EUR 167 million • Overhead-reduction plan on track; cumulative savings now EUR 176 million &bu...
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2012-07-23

Taiwan Ratings Corp Downgraded Long-term Corporate Rating on Everlight

Everlight has received downgrade from “twA-” to “twBBB+” estimated by Taiwan Ratings Corp, which reflecting concerns about the balance sheet of the country’s biggest LED chip packager over the next one to two years amid negative market conditions. Taiwan Ratings said in a statement that, “The downgrade reflects our view of the heightened industry risk in the global LED sector and our belief that Everlight’s profitability is unlikely to recover to the previous high over the next one to two years, due to prolonged oversupply from w...
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2012-07-20

Foxconn Invested US$146 Million in LED-Related Ventures

According to Foxconn Technology Group’s press release published on July 13, the company started new business ventures in the connector, computer case, metal stamping, power management fields. The investment totals US$146 million (NT%1.049 billion). Foxconn also establishes a new company in Henan Province, China, which shows the company’s determination to make inroads into the LED industry. Foxconn’s proactive investments recently, which are almost as high as some of the component manufacturers’ capitals, can be seen as a preparation for the soon-to...
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2012-07-18

China LED Industry’s High Unused Capacity Renders 2H12 Outlook Uncertain

As the global economic outlook remains stagnant, LED industry’s peak season performance may fall short of expectations. Thus, Taiwanese LED firms such as Epistar, Unity Opto, Lextar, and Genesis Photonics underwent setbacks in the stock market on July 16. Since July, despite the orders keeping pouring in, there is still a considerable amount of unused capacity in the Chinese LED industry. Research institutes and foreign capitals become conservative about the LED market outlook, which kicks off the second half of 2012 with uncertainty. Most listed LED com...
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2012-07-11

SemiLEDs Q3 of Fiscal Year 2012 Financial Results Increase 64%

SemiLEDs has announced its financial results for Q3 of fiscal year 2012, ended May 31, 2012. Revenue for Q3 of fiscal 2012 was $9.2 million, a 64% increase compared to $5.6 million in the same time of fiscal 2011. GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2012 was $10.0 million, or a net loss of $0.36 per diluted share, compared to GAAP net loss attributable to SemiLEDs stockholders of $5.1 million, or a net loss of $0.19 per diluted share, for the third quarter of fiscal 2011. On a non-GAAP basis, net loss attributabl...
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2012-07-10

Unity Opto Achieves Two-Year Monthly High of US$233M in June Revenue

Unity Opto’s global sales revenue in June have set up new record with a two-year monthly high of NT$7.1 billion (US$236.67 million), which mainly benefited from  the growing demand for LED TV and new production orders from its clients. The company is full confidence of its sales outlook for Q3, as its order visibility can last through the end of September for the moment. Its revenue is expected to grow strongly along with the steady increase in orders for direct-type LED TVs and tablet products, the surge in sales of LED lighting products in the domestic...
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2012-07-05

mLED Receives £378,000 for Equity Funding

Scotland-based Braveheart Investment Group plc has injected £378,000 in mLED Ltd of Glasgow, UK. The latest equity funding round comes from Braveheart's established network of private clients, the Scottish Enterprise Co-Investment Fund and members of both mLED’s board and technical advisory council. mLED’s proprietary microLED platform technology was developed over a 10 year period at the Institute of Photonics at the University of Strathclyde, where over £7m was invested in research leading to the core patent. The firm was sp...
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Today Philips Lumileds launches its proprietary CrispWhite Technology, yet another quality of light breakthrough in its portfolio, making whites appear vivid and bright while colors appear saturated. LUXEON CoB arrays with CrispWhite Technolog... READ MORE

For the first time there is a compact laser multi-chip package. Osram Opto Semiconductors can pack up to 20 blue laser chips in the new PLPM4 450 module. Instead of taking the laborious approach and constructing a light source from individual ... READ MORE