LED chip manufacturer Epileds reports fiscal year 2013 results. The company’s consolidated revenue reached NT $1.32 billion (US $43.6 million), slight dip of 2.15 percent from 2012. In 2013, Epileds invested large amounts of R&D resources into new flip-chip developments, which has bolstered high operations fees leading net income to drop YoY 27.82 percent to NT $60.47 million with EPS of NT $0.6.

The company’s consolidated revenue for 2013 was NT $1.32 billion, a YoY drop of 2.15 percent. Consolidated gross profit reached 17.85 percent, YoY slightly grew  0.37 percent. Consolidated operating profit margin dipped 1.14 percent to 5.41 percent. Net income was $60.47 million with an EPS of NT $0.6, YoY decrease of 27.82 percent.

From the revenue standpoint, there was no much fluctuation from 2012 to 2013, said Epileds. However, in order to prepare to launch to products on the market in 2014, the company invested more R&D resources into flip-chip development which lead to costs in 2013 increasing 12.64 percent, an increase of 1.7 percent from 2012. This caused slip in profits.

First quarter is typically a slack season, but the market has started to rebound in mid-February after the Chinese Lunar New Year Growing demands have become more obvious making this quarter see close to peak season performance. Utilization rate has already increased to 90 percent and higher with order visibility reaching 1-2 months.