Himax Technologies, Inc. Reports First Quarter 2018 Financial

Himax Technologies, Inc. Reports First Quarter 2018 Financial Results and Provides Second Quarter 2018 Guidance



Himax Technologies, Inc.
Reconciliation of unaudited condensed consolidated statement of profit or loss for the three months ended March 31, 2017
(Amounts in Thousands of U.S. Dollars)

U.S. GAAP				Effect of Transition to IFRS					IFRS
Items	Amount			Recognition Difference			Presentation Difference		Amount			Items	Note
Revenues	$	155,210		$	-		$	-	$	155,210		Revenues

Costs and expenses:												Costs and expenses:
Cost of revenues		119,309			-			-		119,309		Cost of revenues
Research and development		25,331			2			-		25,333		Research and development	G
General and administrative		4,633			(32	)		-		4,601		General and administrative	G
Sales and marketing		4,364			5			-		4,369		Sales and marketing	G
Total costs and expenses		153,637			(25	)		-		153,612		Total costs and expenses

Operating income		1,573			25			-		1,598		Operating income

Non operating income (loss) :												Non operating income (loss) :
Interest income		543			-			-		543		Interest income
Gain on sale of securities, net		70			-			-		70		Changes in fair value of financial assets at fair value through profit or loss

Equity in losses of equity method investees		(134	)		-			-		(134	)	Share of losses of associates
Foreign currency exchange losses, net		(1,033	)		(93	)		-		(1,126	)	Foreign currency exchange losses, net	F
Interest expense		(137	)		(77	)		-		(214	)	Finance costs	A-3
Other income, net		48			-			-		48		Other income, net
		(643	)		(170	)		-		(813	)
Earnings before income taxes		930			(145	)		-		785		Profit before income taxes
Income tax expense		121			1			-		122		Income tax expense	F
Net income		809			(146	)		-		663		Profit for the period
Net loss attributable to noncontrolling interests		554			(1	)		-		553		Loss attributable to noncontrolling interests	F
Net income attributable to Himax Technologies, Inc. stockholders	$	1,363		$	(147	)	$	-	$	1,216		Profit attributable to Himax Technologies, Inc. stockholders

Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders	$	0.008							$	0.007		Basic earnings per ADS attributable to Himax Technologies, Inc. s tockholders
Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders	$	0.008							$	0.007		Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders
Basic Weighted Average Outstanding ADS		172,399								172,399		Basic Weighted Average Outstanding ADS
Diluted Weighted Average Outstanding ADS		172,424								172,424		Diluted Weighted Average Outstanding ADS

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