K&S Reports Revenue and Profit Growth in Its FY3Q20 with Rising Demands for Mini LED and Micro LED

Singapore based equipment supplier K&S announced financial results of its fiscal 3Q20 ended June 27, 2020. The company posted revenue of US$ 150.5 million which grown by 18.4% YoY.

For the third fiscal quarter of 2020, K&S reported a gross profit of US$ 69.4 million and a gross margin of 46.1%. On the non-GAAP base, the company’s net income grew by 258.3% YoY to 12.9 million.

The increased profit and revenue were boosted by the company’s recently mass produced Pixalux, which was designed to meet the high speed transfer needs in Mini LED and Micro LED production.

Dr. Fusen Chen, K&S' President and CEO, stated, "During the June quarter we maintained our pace of development, ramped production of Pixalux, increased share repurchase activity and also delivered strong financial performance."

The company recognized revenue on 25 Pixalux Mini and Micro LED systems. K&S’ global manufacturing facilities are operating at nearly full capacity, and the company believes prior COVID-19-related supply-chain risks have been reduced significantly from the previous quarter.

Related reading:

【Exclusive Interview】K&S Realizes Robust and High Accuracy Mini LED Transfer at 180,000 Chips per Hour

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE