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  • BOE, Tianma, TCL Report Strong Profits In 2021_03/27/22
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Musing-Weekly Newsletter

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ICD Reports 2019 Revenue of $104.5m down 66.6% Y/Y
May 10, 2020
 
Dry etcher and evaporation chamber producer, ICD is expects Q120 revenue to reach $36.5M, up 20.1% Y/Y, and operating income $ 4.8M, up 26.1% Y/Y. ICD provides chambers to Canon Tokki. ICD estimates the price of a dry etcher and chamber for a 15K/line to be between $57~73M. As a result, ICD hopes to reach at least $200M of additional revenues in 2020. The backlog is $285M. 
ICD Segmented Revenues in 2019:
  • Dry Etcher 45% 
  • Evaporation chamber 36%
  • Components 19% 

Table 1.  ICD Revenues, Gross Profit and Operating Income 2019 & 2020
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Source: Company, Yuanta Securities
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