Benefiting from street light bids, and recognized revenue from German luminaire subsidiary WOFI, The company’s 3Q13 revenue grew at a Quarter-on-Quarter (QoQ) rate of 18.13 percent, and an Year-over-Year rate (YOY) of 41.84 percent to NT$ 7.01 billion (US$ 24 million). The company’s 3Q13 performance outshone other LED packagers.
Everlight pointed out its subsidiary WOFI sales performance was pretty good, and was the drive behind lighting operations. Consolidated revenue for Sept. 2013 reached NT$ 2.41 billion, an incremental increase of less than 1 percent compared to the previous month. In addition, the company’s street light bids in 1H13 and continual recognized listings in 2H13, had lead to slight growth in Sept. 2013, compared to the previous month.
Aside from its outstanding lighting performance, Everlight’s backlight product line also showed stable performance in 3Q13. Everlight pointed out performance for small-mid size, and large sized products was pretty good. However, demands were not particularly high, as early Christmas stockup in U.S. and Europe was moderate. Hence, overall 4Q13 performance might be affected by year-end inventory count.
Everlight has currently maintained an order visibility of about one month, and its utilization rate is 85 percent. Operation performances over the last two months have remained about the same.
