Himax Technologies, Inc. reported net revenues of $237.2 million for the fourth quarter of 2024, an increase of 6.7% sequentially and 4.2% year-over-year, significantly exceeding guidance. Gross margin reached 30.5%, surpassing guidance, and profit per diluted ADS was 14.0 cents, considerably above the projected range.
For the full year 2024, revenues totaled $906.8 million, a slight decline of 4.1% year-over-year, but gross margin expanded to 30.5% from 27.9% in 2023. Net profit for 2024 was $79.8 million, or $0.46 per diluted ADS, a significant increase from $50.6 million, or $0.29 per diluted ADS in 2023.
Automotive IC sales increased nearly 20% year-over-year in 2024, accounting for almost half of total revenues, with automotive TDDI and Tcon sales surging by more than 70%. Himax also noted that its WLO technology for Co-Packaged Optics (CPO) is in engineering validation and trial production, with increased customer trial production volume forecasts indicating an accelerated timeline for mass production.
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