Everlight has breached the high revenue barrier to become a new official member of the “US $1 billion club” as the company’s consolidated annual revenue for 2014 soared up 23.99% to NT $30.61 billion, according to a news report from China Times.

Everlight’s revenue for December 2014 was merely down 4.3% MoM to NT $2.63 billion (US $82.07 million). The company’s quarterly revenue for 4Q14 was down 4.1% QoQ to NT $8.18 billion, performing way better than early projection of 10%, due to strong lighting products performances supported by newly acquired German manufacturer WOFI’s lighting demands, said financial institute.

Based on Everlight’s 2014 revenue figures, the company’s earnings per share (EPS) might reach NT $5, said financial institute. It could even climb to NT $6 amid LED lighting penetration rate maintains its upward trending.

The financial institute also projected that Everlight’s revenue will reach NT $34 billion this year, while Epistar’s revenue is estimated to achieve NT $32 billion. Together their total estimated revenue will be approximately NT $66 billion this year.