U.S.-based LED lighting company Energy Focus announced its 1Q20 financial resulted and posted a 19.1% YoY revenue growth despite the economic headwinds resulted from the COVID-19 pandemic. In 1Q20, the net sales of Energy Focus came to US$3.8 million, increased by 19% YoY compared to US$3.2 million in 1Q19. Commercial products accounted for 45.9% of the revenue and 54.1% of its sales came from military and maritime products, increased from 37.6% in the first quarter of 2019. Gross profit was US$1 million with a gross margin of 27.3%, which increased by 24.2...

Korean giants Samsung and LG announced their financial results for the first quarter of 2020 and they both reported that the COVID-19 outbreak has affected their business performance. Samsung registered a total revenue of KRW 55.33 trillion (US$ 45.11 billion) with an on-year increase of 5.6%. Operating profit is KRW 6.45 trillion (US$ 5.28 billion) decreased by 9.8% QoQ but increased by 3.2% YoY. Compared to the previous quarter 4Q19 which is usually the peak season of the year, the revenue of 1Q20 went down due to seasonality. And the on-year growth was due ...

Seoul Viosys, the subsidiary of Seoul Semiconductor, announced its financial results for the first quarter of 2020. The company registered a consolidated revenue of KRW 87 billion (US$ 71.17 million), which increased by 10% YoY. Seoul Viosys has reported boosting inquiries for its UV LED products “Violeds” for disinfection applications as the coronavirus outbreak stimulated the awareness of consumers for ‘Clean Technologies.’ As a result, despite that sales of visible LEDs declined, Seoul Viosys still reported a double-digit overall grow...

Germany-based semiconductor equipment provider AIXTRON published its financial results of the first quarter of 2020. The company reported an on-year increase for order intake but drops in revenue and profit. AIXTRON’s order intake grew by 28% YoY for 1Q20 to EUR 68.8 million (US$ 74.9 million) due to continued strong demand for the increasing use of LED-based display applications and the production of lasers for optical data transmission and 3D sensors, especially in mobile phones. The revenues for in Q120, however, dropped by 40% YoY and 45% QoQ...

Cree posted the financial results of the third quarter of its fiscal 2020, ended March 29, 2020. The company registered a revenue of US$215.5 million, representing an on-year decrease of 21% and a 10% decrease compared to the second quarter of fiscal 2020. GAAP net loss from continuing operations attributable to controlling interest for the third quarter was US$61.6 million, or US$0.57 per diluted share. On a non-GAAP basis, net loss from continuing operations attributable to controlling interest for the third quarter of fiscal 2020 was US$15.5 million, or US$0.14 ...

Signify announced the company’s first quarter 2020 results with sales amounted to EUR 1.43 billion (US$ 1.53 billion), down by 3.5% YoY. With adjusted for 1.3% currency effects and 10.6% consolidation (mainly related to the acquisitions of Cooper Lighting and Klite) and other changes, comparable sales declined by 15.3%. LED-based sales represent 78% of total sales. The adjusted gross margin increased by 50 bps to 38.2%, including a negative currency effect of 10 bps. Adjusted indirect costs decreased by EUR 4 million (US$ 4.295 million). The Adjusted EBIT...

Sweden-based horticulture lighting technology provider Heliospectra announced a new order from Turner Construction in Miami, Florida. The systems integrator and supplier will install the controllable spectra ELIXIA LED lights for several upcoming greenhouse facilities. Turner Construction is leading the design, construction, and installation services for the commercial-scale greenhouse projects across the United States in 2020. The Heliospectra ELIXIA 600W LED light will benefit the greenhouse projects by improving crop quality and performance in a wide v...