LED manufacturer Lextar released their fiscal first quarter 2014 financial report on May 12, 2014. The company reported revenue dropped 3 percent QoQ to NT $3.22 billion (US $106.7 million) but up 11.6 percent from 1Q13. Gross margin improved 2.3 percent QoQ to 12.5 percent. Net profit for 1Q14 reached NT $21 million with EPS of NT $0.05.