Hermes Microvision expects Q2 rebound

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

Taipei Times
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]

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