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Musing on Financials
AP Systems Reports 2019 Revenue of $397m down 38.8% Y/Y
May 10, 2020
Yuanta Securities outlooked $572m for 2020 up 44.1% Y/Y. and that APS’ Q120 revenues will be $95.5 up 23.4% Y/Y. Display equipment revenues were projected to be $28.7M down from $36.9M Y/Y due to the temporarily shut-down of fabs in China. However, its display related component revenue will be rebound in Q2’2020, when total revenues are expected to reach $103.0m up 7.9% sequentially, but down 17.0% Y/Y. APS hopes to win ELA POs, which amount of $328M from BOE B12 and China Star T4 early this year and an additional of $580M POs projected by the end of 2021.
Table 1: AP Systems Revenues, Gross Profit and Operating Income 2019 & 2020
AP Systems Reports 2019 Revenue of $397m down 38.8% Y/Y
May 10, 2020
Yuanta Securities outlooked $572m for 2020 up 44.1% Y/Y. and that APS’ Q120 revenues will be $95.5 up 23.4% Y/Y. Display equipment revenues were projected to be $28.7M down from $36.9M Y/Y due to the temporarily shut-down of fabs in China. However, its display related component revenue will be rebound in Q2’2020, when total revenues are expected to reach $103.0m up 7.9% sequentially, but down 17.0% Y/Y. APS hopes to win ELA POs, which amount of $328M from BOE B12 and China Star T4 early this year and an additional of $580M POs projected by the end of 2021.
Table 1: AP Systems Revenues, Gross Profit and Operating Income 2019 & 2020
Source: Yuanta Securities, OLED-A