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Lextar Reports Sixth Consecutive Year of Growth

Apr 8th 2015 at 11:10 PM

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Lextar today announced its fourth quarter and fiscal year 2014 financial report. Lextar's full year revenue for 2014 was NT $14.51 billion (US $460 million), setting a new record of six years of consecutive growth, or an increase of 5.6% Year-on-Year (YoY). The company's consolidated gross profit for 2014 was up 1.9% compared to 2013 to 14.6%. Net profits also peaked to NT $616 million. Highlights from the company's revenue performance in 4Q14 included revenues peaking to NT $3.32 billion, while gross profit was 14.2% for 4Q14. The LED backlight market and lighting application demands rebounded in 2014, with panel market penetration rates nearing 100%. The lighting market is also gradually shifting from commercial to the residential market. Lextar has developed new clients in 2014, and has seen initial results from developing direct-type TV products with 4K2K resolution, and reduced blue light TV models.

The company has also started shipping to top tier TV brands, and has introduced flip chip technology in new direct-TV backlight models. In the lighting application sector, Lextar has been focused on regional markets in 2014. The company's ultra-thin LED panel light LEAFIA has received a warm welcome in Europe.

The company has also shipped glass tubes and other products to major international brands. In short, Lextar has greatly benefited from its product and client strategies in 2014. In the LED industry, LED lighting will replace backlight applications to become a major industry growth momentum, said Lextar Chairman and CEO David Su. Another trend this year will be higher added value products and new applications. Lextar will be maintaining its backlight business, and expanding its presence in lighting and other new application markets to retain its market position.

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