Taiwan-based Lextar Electronics Corp. has announced its financial results for the third quarter of 2012. According to the announcement, the company has delivered consolidated revenue of NT$ 2,894 million, up 10.9% from the previous quarter and recording a y-o-y increase of near 15%. Its gross profit was NT$ 360 million with the gross margin of 12.4%, consolidated net profit NT$ 105 million and EPS NT$ 0.25.
 
“Lextar has seen single-month and quarterly revenues steadily trend up since early this year, which were in line with the company’s guidance”, said B.Y. Chang, CFO and Vice President of Lextar. The company reported another revenue climb in Q3, fueled by the growing market in backlighting high utilization to above 80%. In addition, the company also exhibited its efficient management on asset optimization by shortening its days sales of inventory from 79 days in Q2 to 67 days in Q3. Gross margin was slightly down by 2.8 percentage point owing to the alternation of product portfolio along with the erosion of market price. EPS arrived in NT$ 0.55 for the past three quarters in 2012.
 
Thanks to the traditional peak season in Q3, the recovery in demand has sustained Lextar’s shipments in backlights used for monitors, TVs, notebooks and smart phones. As for LED chips, shipments of high-power chips remained in growth given the reinforced competitiveness by the accreditation of global brands from Korea and North America.
 
In the mean time, production lines of COB were busy with flowing orders from European incumbents which were applied widely on commercial lightings with high added value such as downlights and PAR lamps. The LM-80 accredited 3014 and 5630 packaging products were also steadily shipped to clients in Europe and China. Driven by strong demands in Japan in Q3, lighting application business such as light tubes continued its solid growth as well. Furthermore, the 600 x 600 ultra-slim panel lights registered increases this quarter and received positive feedbacks from European customers.
 
Despite challenges of price erosion, Lextar displayed a reasonable portfolio in all phases including chip, packaging, module and lighting products by utilizing its advantage of vertical integration, Besides, the firm also showed good results from reinforcement of product design and supply chain management.