Himax Technologies Inc. (HIMX) reported Thursday lower profit and revenues in its second quarter. Further, the company projects a loss in the third quarter.
In the pre-market activity on the Nasdaq, Himax shares were losing around 5.1 percent to trade at $8.19.
Looking ahead, for the third quarter, the company projects loss per ADS of 2.0 cents to 4.0 cents, gross margin of around 30%, depending on final product mix, and net revenue to decrease 12% to 17% sequentially.
Himax added that it expects revenues from AR and AI glasses-related applications to grow substantially over the next few years, becoming a key driver of the Company's mid- to long-term growth.
In the second quarter, Himax' earnings totaled $16.54 million or $0.095 per share, lower than last year's $29.63 million or $0.169 per share.
The company's revenue for the period fell 10.4% to $214.80 million from $239.62 million last year.
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