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Himax Technologies Review of 4Q 2016 Results and Forward Outlook

NEW YORK, NY / ACCESSWIRE / January 31, 2017 / Traders News Source, an equity research firm specializing in small and micro-cap securities, is looking at recent events with Himax Technologies Inc (NASDAQ: HIMX). For the three months ended December 31, 2016, it reported revenue of $203.4M (-6.7% Q/Q), with gross margin down to 19.1% versus 25.6% in Q3 2016. Lower margins were driven by an additional one-time, non-cash inventory write-down totaling $12.0 million. Himax continues to remain debt free in nature.

Our full report explores Himax's products and customer base READ HERE

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Himax is expected to benefit from potential growth of augmented reality (AR). Himax relies on mass adoption to be able to scale its AR component production. However, AR is still too expensive for mass consumers and increase in its acceptance would remain a critical business sensitive factor for Himax.

For the past few years, the non-driver business segment has been a unique differentiator & high yielding product line for Himax. New product developments continue to evolve and gain traction in this segment. Himax is ramping up production for liquid crystals on silicon (LCOS) and wafer-level optics (WLO) in 2017, with plans to bring new production online late this year or in early 2018. As per management, Himax works with 30 augmented reality device makers right now, and expects long-term prospects for AR.

Read about Himax's direction and prospects for 2017 in our full report READ HERE

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SOURCE: Traders News Source