SEMICONDUCTOR LINKED:Chief executive Jack Jau said that the firm expects revenue to grow between 50 and 80 percent, allowing it to maintain margins and profitability
Date: Apr 20, 2016
By: Lisa Wang / Staff reporter
Hermes Microvision Inc (HMI, 漢微科) yesterday said it expects revenues to soar as high as 80 percent sequentially this quarter, partly helped by a major client who is resuming using its inspection tools for next-generation semiconductor technology development.
Due to the slump in the semiconductor industry and growing technological barriers, customers became cautious about investing in equipment for next-generation technology, which dealt a blow to the tool-and-equipment maker’s businesses in recent quarters.
HMI’s net income last quarter plummeted 65 percent to NT$253 million (US$7.84 million), or NT$3.55 per share, from the previous quarter’s NT$726 million, or NT$10.22 a share.
On an annual basis, net income shrank 42 percent from NT$440 million, or NT$6.17 per share. [FULL STORY]