Himax Technologies, Inc. Reports Third Quarter 2024 Financial

Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance

Himax Technologies, Inc.
Unaudited Condensed Consolidated Statements of Profit or Loss
(Amounts in Thousands of U.S. Dollars, Except Share and Per Share Data)

	Nine Months Ended September 30,
		2024			2023

Revenues
Revenues from third parties, net		$	669,555		$	717,645
Revenues from related parties, net			24			105
			669,579			717,750

Costs and expenses:
Cost of revenues			465,638			523,262
Research and development			122,745			130,304
General and administrative			18,410			19,206
Sales and marketing			17,644			18,447
Total costs and expenses			624,437			691,219

Operating income			45,142			26,531

Non operating income (loss):
Interest income			7,865			6,812
Changes in fair value of financial assets at fair value through profit or loss			118			(55	)
Foreign currency exchange gains, net			1,801			757
Finance costs			(3,050	)		(4,940	)
Share of losses of associates			(471	)		(584	)
Other income			138			520
			6,401			2,510
Profit before income taxes			51,543			29,041
Income tax expense (benefit)			(3,196	)		2,905
Profit for the period			54,739			26,136
Loss attributable to noncontrolling interests			408			915
Profit attributable to Himax Technologies, Inc. stockholders		$	55,147		$	27,051

Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders		$	0.316		$	0.155
Diluted earnings per ADS attributable to Himax Technologies, Inc. stockholders		$	0.315		$	0.155

Basic Weighted Average Outstanding ADS			174,725			174,418
Diluted Weighted Average Outstanding ADS			174,935			174,701

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