2020-08-14

Energy Focus Reports 2Q20 Financial Results

Energy Focus announced financial results for its second quarter ended June 30, 2020. The company reported net sales of US$3.3 million, up by 8.2% compared to 2Q19 and down by 11.8% sequentially from the first quarter of 2020 reflecting the shift in the timing of the shipment of a portion of a certain military contract order from the second quarter to the third quarter of 2020. Loss from operations improved by $1.2 million year-over-year, and by $0.3 million compared sequentially to the first quarter of 2020. Net loss of $4.3 million, or $(1.36) per share, inclusive of a $3.3 mi...
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2020-08-04

Veeco Posts Financial Results of 2Q20

Equipment supplier Veeco reported its business performance of the second quarter of 2020 with revenues of US$ 98.6 million. The company also reported GAAP net loss of $ 8.3 million and Non-GAAP net income of $ 5.5 million. Veeco said it has been executing well during the pandemic and all of its production sites have been operating at or near normal capacity in the second quarter. Its Scientific and Industrial market continues to perform well driven by sales to data storage customers. Sales in LED Lighting Display & Compound Semiconductor took 16% of its reven...
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2020-07-31

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...
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2020-07-30

Osram Reports Expectable FY3Q20 Financial Results and Includes Supervisory Board Members from AMS

Osram announced the financial results of its fiscal 3Q20. The German company said that the performance was better than expected compared to the main sales markets. For Osram’s FY 3Q20, its revenue on a comparable basis fell by 29.4% YoY to EUR 606 million (US$ 711.95 million) due to the impact of the Coronavirus crisis. EBITDA before special items was well above expectations with negative EUR 27 million (US$ 31.75 million). Osram’s Automotive business unit was impacted the most with on-year sales dropped by 35.7% to EUR 282 million (US$ ...
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2020-07-30

Samsung Reports Increased Profit for 2Q20 and Seeing Growing Demands in Display and TV Products

Samsung unveiled the financial results for the second quarter of 2020 with consolidate revenues of KRW 52.97 trillion (US$ 44.49 billion) and operating profits of KRW 8.15 trillion (US$ 6.85 billion). (Image: Samsung) Even as the spread of COVID-19 caused closures and slowdowns at stores and production sites around the world, Samsung has managed minimize the impact of the pandemic by strengthening online sales channels and optimizing costs. Quarterly operating profit rose 26% comparing to the previous quarter and grew 23% by year, thanks to firm demand for memor...
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2020-07-24

Signify Maintains Profitable in 2Q20 and Increases UVC Light Capacity

Signify announced the company’s 2020 second quarter results with sales of EUR 1.469 billion (US$ 1.7 billion). Comparable sales decreased by 22.5% due to the COVID-19 impact. However, the company still managed to maintain a profitable adjusted EBITA margin of 9%. (Image: Signify) The company also reported a net income of EUR 81 million (US$ 94.03 million) which increased by 61.5% YoY as a result of lower restructuring costs and one-time non-cash tax benefits from changes in the organizational structure. LED-based sales accounted for 80% of total ...
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2020-07-24

AIXTRON Reports Rising Order Intake for 1H20 and Revenue Growth in 2Q20

Semiconductor equipment provider AIXTRON published its financial results of the first half and the second quarter of 2020. The company said that it remains on track in the period despite the COVID-19 crisis. For 1H20, AIXTRON said it has received order volumes of EUR 138.4 million (US$ 160.6 million), which achieved an on-year growth of 41%. The order intake of 2Q20 came to EUR 69.6 million (US$ 80.76 million), up by 55% comparing to the same period in 2019. The main drivers of the growing customer demand for deposition equipment are the growing mar...
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2020-07-20

LG Announces Preliminary 2Q20 Earning Results

LG Electronics released its preliminary earnings results for the second quarter of 2020. The Korean company posted tentative consolidated revenue of KRW 12.8 trillion (US$ 10.64 billion) in the second quarter of 2020 with an operating profit of KRW 493.1 billion (US$ 409.77 billion). (Image: LG) Comparing to the number last year, LG said the sales of 2Q20 is expected to drop by 17.9% and operating income also decreased by 24.4% YoY. Comparing to the previous quarter, 2Q20 revenue would decrease by 13% and operating profit down by 54.76%. In 1Q20, LG bro...
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2020-07-13

SemiLEDs Reports FY3Q20 Financial Results

SemiLEDs announced its financial results for the third quarter of its fiscal year 2020, ended May 31, 2020. The company posted revenues of US$1.6 million for the third quarter of FY 2020, which increased by 2% comparing to the previous quarter. GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2020 was $513 thousand, compared to a gain of $348 thousand in the second quarter of fiscal 2020, or a net loss of $0.14 per diluted share, compared to a net gain of $0.08 per diluted share for the second quarter of fiscal 2020. GAAP gross...
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2020-06-11

Daktronics Posts FY 2020 and FY 4Q20 Financial Results

LED video display company announces the financial results of its fiscal 4Q20 and 2020 ending May 2. 2020. Daktronics reported fiscal year 2020 net sales of US$608.9 million, operating loss of US$0.2 million and net income of US$0.5 million. This compares to net sales of $569.7 million, operating loss of US$4.7 million, and net loss of US$1.0 million for fiscal 2019. Fiscal 2020 orders were US$620.8 million compared to US$608.9 million for fiscal 2019. For fiscal 4Q20, Daktronics registered net sales of US$126.1 million, operating loss of US$3.5 million, and...
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2020-06-05

Orion Lighting Reports FY 2020 Revenue and Profit Growth Driven by Smart LED Lighting Installation

U.S. company Orion Lighting posted its FY 2020 financial results ending March 31, 2020. The revenue of FY 2020 grew by 129%YoY to US$150.8 million comparing to US$65.8 million in FY 2019. The gross profit also reached US$37.1 million with an on-year growth of 155%. Net income of the fiscal year came to US$12.5 million or US$0.40 per share. EBITDA came to US$14.7 million. Orion Lighting noted that the revenue increase was mainly driven by a large LED lighting and controls retrofit project of one national account. The company said its business ha...
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2020-05-08

Veeco Announces Board of Directors Changes and Business Growth in 1Q20

Veeco Instrument posted financial results for the first quarter of 2020 ended March 31, 2020 and announced the recent adjustment of its Board of Directors. The equipment supplier reported that its former CEO and Chairman, John Peelter has retired and is passing the role to Richard D’Amore, who has been a General Partner of North Bridge Venture Partners and served on the Veeco Board for years. Meanwhile, Mary Jane Raymond, CFO of II-VI Incorporated, joined Veeco’s Board of Directors. Veeco’s revenue for 1Q20 grew by 5.13% YoY...
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2020-05-08

Osram Reports Increased Cash Flow and Profit Margin

Osram announced its FY2Q20 financial results and said that it has achieved a good second quarter given the global challenges. The company registered a revenue of EUR 821 million (US$ 890.25 million), which dropped by 7.9% YoY. Despite that, the adjusted EBITDA increased by 36.8% YoY and adjusted EBITDA margin also improved by 3.6 p.p to 11.7%. Due to restructuring costs for the change in structural and personnel adjustments, Osram reported a loss of EUR 39.3 million (US$ 42.61 million). Osram CEO, Olaf Berlien, said that the company had reacted very...
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2020-04-29

Seoul Semiconductor Post 1Q20 Financial Results and Expects Revenue Growth with UV LEDs

Seoul Semiconductor updated its business performance of the first quarter of 2020 with a consolidated revenue of KRW 243 billion (US$199.75 million) and operating profit of KRW 6 billion (US$4.93 million). Despite abruption to production facilities for most global manufacturers due to COVID-19, Seoul achieved its guided range of KRW 240 billion to KRW 260 billion in revenues for the quarter. To mitigate manufacturing risks, Seoul has built manufacturing sites in various locations such as Korea, China, Vietnam and in the US. This has helped the company to...
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2020-02-17

Veeco Posts Financial Results for Fiscal 4Q19 with Increased Revenue

Veeco announced financial results for the fourth quarter in 2019 and fiscal year 2019 ended December 31, 2019. For the 4Q19, the company registered a revenue of US$ 113 million, up by 14% YoY comparing to the revenue of US$ 99 million in 4Q18. Veeco also reports US$ 419 million for fiscal year 2019. Despite the revenue drop by 22% YoY, Veeco has lowered the net loss from US$ 407 million to US$ 78.7 million. Veeco marks 2019 as a transformational year with a return to profitability. The company reported improved gross margins which came to 40% and reduced expenses, ...
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2020-02-14

Seoul Semiconductor Reports Fourth Quarter and Fiscal Year 2019 Results

Seoul Semiconductor published its fiscal 2019 and 4Q19 financial results. The company posted a consolidated revenue of KRW 1129.5 billion (US$ 954.5 million) and operating profit of KRW 49.6 billion (US$ 41.91 million) for 2019. For 4Q19, the consolidated fourth quarter revenue was KRW 280.9 billion (US$ 237.36 million) while the operating profit amounted to KRW 13.9 billion (US$11.75 million). Continuing global economic slowdown due to trade and political conflicts including trade war between the US and China led to the increase of inventory and decrease o...
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2020-02-10

Orion Lighting Post Strong Growth in Fiscal 3Q20

LED lighting solution provider Orion Lighting reported results of the third quarter of its fiscal 2020 ended December 31, 2019. Orion lighting registered a revenue of US$34 million for the quarter, which increased by 110%, compared to the same period last year. The company said that the strong growth came from a large turnkey LED lighting retrofit contract for a major national account. Gross profit also grew by 98% YoY to US$8.3 million for a gross margin of 24.2%. EBITDA rose to US$2.8 million in fiscal 3Q20 and US$14.7 million for the first 9 months of fisca...
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2020-02-06

Osram Reports a Robust Start for Fiscal 1Q20

After a year of ups and downs, Osram announced that it has kicked off its 2020 with slightly grown revenue and profit for the first quarter of its fiscal year. Osram posted a revenue of EUR 873 million (US$ 960.78 million) with 0.5% on-year growth. Its Adjusted EBITDA increased by 22% YoY to EUR 114 million (US$ 125.46 million). The adjusted EBITDA margin also climbed 2 percentage points to 13%. Business segment Opto Semiconductors performed stably with revenue amounted EUR 359 million (US$ 395 million). In the segment Digital, revenues climbed...
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2020-02-05

Cree Reports Financial Results of Fiscal 2Q20 with Decreased Revenue and Profits

Cree published the financial results for the second quarter of its Fiscal 2020 which ended December 29, 2019. The company registered revenues of US$239.9 million for the quarter which decreased by 14% YoY and 1% QoQ. GAAP net loss from continuing operations attributable to controlling interest for the second quarter was US$52.8 million. On a non-GAAP basis, net loss from continuing operations attributable to controlling interest for the second quarter of fiscal 2020 was $10.4 million. GAAP and non-GAAP net losses from continuing operations attributable to c...
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2020-02-03

Signify Reports 4Q19 and 2019 Financial Results with Growing LED Business

Signify published its fourth quarter and full-year 2019 financial results on January 31. The Dutch company reported full-year sales of EUR 6.2 billion (US$ 6.87 billion) which decreased by 4.6% YoY decrease but improved in profitability by 30bps to 10.4%. Its LED-based sales grew by 1.4%YoY, representing 78% of its sales. For 4Q19, Signify, registered sales for EUR 1.75 billion (US$ 1.94 billion) which improved by 1.4% compared to 4Q18. The adjusted gross margin increased by 30 bps to 37.8%, including a positive currency effect of 30 bps. Adjusted EBITA am...
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2019-11-19

Equipment Providers Report Financial Results with Quarterly Growth

Semiconductor equipment providers Veeco and K&S (Kulicke & Soffa) announced their financial results respectively. The two companies both reported business decline for the previous quarter. K&S revealed its fourth fiscal quarter of 2019 which ended September 28, 2019. The Company reported fourth quarter net revenue of US$139.8 million, net income of $6.4 million and non-GAAP net income of $9.3 million. The revenue and gross profit of K&S in fiscal 4Q19 have dropped by 24.3% and 23.8% compared to previous year. However, compared to previous quarter, bo...
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2019-11-04

Seoul Semiconductor Achieves 3Q19 Business Target with Growing TV and Automotive Market

Seoul Semiconductor announced its financial results of the third quarter of 2019 with revenues of KRW 283.4 billion (US$ 244.3 million), an operating profit of KRW 12 billion (US$ 10.34 million), and EBITDA of KRW 32.6 billion (US$ 28.10 million). The company said that it has achieved its guided range of KRW 280 billion to KRW 300 billion of revenues for the quarter. Despite the weak general lighting market, Seoul Semiconductor reported growing sales of WICOP products as the demand of larger and slimmer screen in the TV market increase. The sales...
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2019-10-31

Cree Announces Fiscal 1Q20 Financial Results with Continuous Transformation

Cree announced the results of its fiscal 1Q20 ended September 29, 2019. For the fiscal quarter, Cree registered a revenue of US$242.8 million, which represents an on-year decrease of 11% and a 3% decrease compared to the previous quarter. GAAP net loss from continuing operations for the first quarter was $37.8 million compared to GAAP net loss from continuing operations of $0.8 million for the first quarter of fiscal 2019. On a non-GAAP basis, net loss from continuing operations for the first quarter of fiscal 2020 was $3.6 million. The company has sold its light...
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2019-10-28

AIXTRON Expects Demand Rise to Meet Its 2019 Forecast with New Silicon Carbide System

German equipment solution provider AIXTRON announced the financial results for the third quarter and the first nine month of 2019. The company reported an on-year revenue increase of 2% to EUR 184.6 billion for 3Q19 and an operating result of EUR 24.5 million (US$ 27.16 million) that grew by 18%YoY. AIXTRON said that the order situation slightly recovered compared to the previous quarter. Sales were lower than in the previous quarters partly due to longer than expected processes to grant export licenses. Nevertheless, sales for the first nine months of 2019 in...
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2019-10-28

Signify Reports Sales Drop in 3Q19 due to Macro Environment

Signify published the financial results of 3Q19 last week with a 5% decrease in comparable sales growth while its LED-based business improved on-year by 2.6%. The company said that the “challenging macro environment with lower market activity in Europe, U.S., Greater China as well as a major impact of tightening liquidity in India,” was a major reason for the flat sales growth. The Dutch lighting company reported a revenue of EUR 1.53 billion (US$ 1.7 billion) in 3Q19, down by 3.3%YoY. Accumulated revenue for 2019 until the end of September came to E...
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2019-08-21

Cree Announces Fiscal 4Q19 and 2019 Financial Results with Increasing Wolfspeed Business

Cree posted financial results of its fourth quarter of fiscal 2019 and the whole fiscal year. For fiscal 4Q19 which ends on June 30, 2019, Cree registered a revenue of US$251.2 million for its fourth quarter of fiscal 2019, down by 5% YoY and 8% QoQ. GAAP net loss from continuing operations for the fourth quarter was US$34.6 million, or US$0.33 per diluted share. On a non-GAAP basis, net income from continuing operations for the fourth quarter of fiscal 2019 was US$11.5 million, or US$0.11 per diluted share, compared to non-GAAP net income from continuing o...
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2019-08-07

VEECO 2Q19 Financial Results Revealed with Decrease in LED Product

US-based equipment provider VEECO reported its financial results of the second quarter of 2019. The company registered revenues of US$97.8 million, compared with US$157.8 million in 2Q18. VEECO said that its sales in the market of LED lighting, display and compound semiconductor were limited in the second quarter of 2019, taking 10% of the total revenue with US$ 9.69 million. However, VEECO underlined that it recently shipped an advanced MOCVD system to a leading compound semiconductor manufacturer who is piloting the system for ROY LEDs as well as ...
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2019-08-05

Seoul Semiconductor Reports Stable 2Q19 Revenue and Ready to Showcase Micro LED

Seoul Semiconductor revealed its consolidated revenues of 2Q19 which came to KRW 283.3 billion (US$ 233.16 million), which has dropped by 2% YoY. The gross profit was KRW 69.3 billion (US$ 57.03 million) and operating profit was KRW 6.6 billion (US$ 5.43 million). The company said the business performance has achieved its guided range for revenues of the quarter. In comparison to other LED companies who have suffered from drastic decrease due to the weak market impacted by the US-China trade dispute, Seoul Semiconductor said it was able to achieve stable rev...
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2019-07-31

Osram’s Fiscal 3Q19 Remains Weak and Managing Board Expects Shareholders to Accept Takeover Offer

Osram announced the financial results of fiscal 3Q19 which marked “no signs of business revival” for the company. The quarterly revenue dropped by 14.9% YoY to EUR 850 million (US$ 948.28 million). Its EBITA fell by 66.2% YoY with EUR 42 million (US$ 46.86 million). EBITDA adjusted for special items was EUR 58 million (US$ 64.72 million), which was down by 58% compared to previous year’s figure; net income amounted to minus EUR 35 million (US$ 39 million). All three business segment of Osram, Opto Semiconductors, Automotive a...
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2019-07-26

Signify Announces 2Q19 Financial Results and Investment in Chinese LED Lighting Company

Signify reported the financial results of the second quarter of 2019 and announced that it has agreed to buy a 51% share of Klite Lighting, a China-based LED luminaires manufacturer. Signify registered sales of EUR 1.477 billion (US$ 1.65 billion) with an on-year decrease of 6.1%. LED-based sales increased by 0.2%, accounting for 77% of total revenue. The adjusted gross margin declined by 20 bps to 37.7% due to lower sales volumes and price erosion, largely offset by ongoing procurement savings. Adjusted EBITA amounted to EUR 133 million (US$ 148.22 million) co...
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