Himax Technologies, Inc. (NASDAQ:HIMX) Q4 2019 Earnings Conference Call - Final Transcript

Feb 13, 2020 • 08:00 am ET

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Himax Technologies, Inc. (NASDAQ:HIMX) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by. And welcome to the Himax Technologies Fourth Quarter and Full-Year 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker, Maili Bergman, Managing Director of MZ Group. Please go ahead.

Executive
Maili Bergman

Thank you, so much. Welcome everyone to Himax's fourth quarter 2019 earnings call. Joining us from the Company are Jordan Wu, President and Chief Executive Officer; and Ms. Jackie Chang, Chief Financial Officer. After the Company's prepared comments, we will have a allocated time for questions in a Q&A session. If you have not yet received a copy of today's results, press release, please email HIMX@mzgroup.us or access the press release on financial portals or download a copy from Himax's website at www.himax.com.tw.

Before we begin with the formal remarks, I'd like to remind everyone that some of the statements in this conference call, including statements regarding expected future results -- financial results and industry growth, are forward-looking statements that involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this conference call. Factors that could cause actual events or results to differ materially from those described in this conference call may include, but are not limited to, general business and economic conditions, the state of the semiconductor industry, market acceptance and competitiveness of the driver and non-driver products developed by Himax, demand for end-use application products, the uncertainty of continued success in technological innovations, as well as the other operational and market challenges and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled Risk Factors in its Form 20-F for the year ended December 31, 2018 filed with the SEC in March, 2019.

Except for the Company's full year of 2018 results, which were provided in the Company's 20-F and filed with the SEC on March 28, 2019, [Phonetic] the financial information included in this conference call is unaudited and consolidated and prepared in accordance with IFRS accounting. Such financial information is generated internally, and has not been subjected to the same review and scrutiny, including internal auditing procedures and external audits by an independent auditor, to which we subject our annual consolidated financial statements, and may vary materially from those audited consolidated financial information for the same period. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

I will now turn the call over to Ms. Jackie Chang, CFO of Himax. The floor is yours, Jackie.

Executive
Jackie Chang

Thank you, Maili, and thank you everybody for joining us. In today's call, we will first review the Himax's consolidated financial performance for the fourth quarter, followed by the first quarter 2020 outlook. Jordan will then give an update on