Fourth Quarter 2012 Financial Results
Breakdown by Product Line (USD in millions) (unaudited)
|Q4 2012||%||Q4 2011||%||% Change|
|Display drivers for large-size panels||$77.5||40.7%||$67.0||39.6%||+15.8%|
|Display drivers for small/medium sized panels||$85.4||44.8%||$80.6||47.6%||+6.0%|
|Q4 2012||%||Q3 2012||%||% Change|
|Display drivers for large-size panels||$77.5||40.7%||$76.5||40.2%||+1.3%|
|Display drivers for small/medium sized panels||$85.4||44.8%||$87.3||45.8%||-2.2%|
Total revenues for the fourth quarter of 2012 increased 12.7% year-over-year to $190.6 million and increased 0.1% sequentially. The strong sales growth was a result of market share gains and new products in all of the Company's products including large-sized and small and medium-sized panel drivers and non-driver products.
Revenues from large panel display drivers were $77.5 million, up 15.8% from a year ago and up 1.3% from the third quarter of 2012, and accounted for 40.7% of total revenues. The sequential increase was attributed to strong TV demand arising from customers' preparation for the Chinese New Year sales and China panel customers' additional capacity ramp, offset by slower demand for notebooks. Among all of Himax's large panel markets, China showed the greatest growth year-over-year and sequentially.