Lextar Reports Revenue Decline in 1Q16

Lextar consolidated revenue during first quarter of 2016 slid 3.2% YoY to NT$ 3.39 billion (US $ 104.19 million), due to price pressures on the market.

The company’s consolidated gross margin last quarter dropped 2.1% compared to 4Q15 to 8.4%.

The company reported a net loss of NT $18 million.

Price pressure in the LED market in 2015 extended to first quarter of this year, moreover low season in the market impacted the company revenue and gross margin performance, said B.Y. Chang, Chairman and Chief Financial Officer of Lextar. The industry rebounded in second quarter of 2016, hence Lextar upholds an optimistic outlook. The company will maintain its backlight market orders, while taking control over lighting market demands, and restructure its product portfolio at an appropriate time to strike a balance between revenue and profitability.

Moreover, Lextar’s new business units recently started to focus on automotive lighting, UV and IR market sectors, and developed new products and clients. In the future, the company will utilize its advantages in vertical integration to provide LED components and modules on the market. The company will strengthen its optoelectronics and thermal dissipation integration technologies.

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