Epileds Revenue Drops Slightly in Jan. 2014

Epileds consolidated revenue in dropped by an incremental 1.82 percent in Jan. 2014 to NT$ 108 million (US$ 3.56 million) compared to the previous month. However, the company revenue increased incrementally on a YoY basis to 2.87 percent.

Despite of the effects of the Chinese Lunar New Year in Jan. 2014, the LED lighting market demands remained strong, and declined only slightly compared to Dec. 2013. Due to impact from the holiday season and fewer work days in Feb. 2014, the company projects revenues for Jan. to Feb. 2014 will slide, and only return to normal levels in March.

The company’s board recently approved a plan to issue convertible bonds, with the maximum capped at NT$ 500 million. Capital raised from the bonds will be mostly used to expand the company’s production line, purchasing MOCVDs, and returning bank loans. The company currently has 17 MOCVDs after adding two new machines at the end of 2013. The company will be prioritizing production line adjustments, but will observe market changes to find the right time to install the new equipments.

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