Taiwanese LED package manufacturer Edison Opto consolidated revenue for Dec. 2013 reached NT$ 209 million (US$ 6.95 million), a decrease of 2.09 percent compared to last month. However, the company's Dec. 2013 revenue has soared 50.1 percent compared to the same period last year. Affected by the traditionally low season in 4Q13, consolidated revenue reached NT$ 641 million, despite a quarterly decrease of 22.54%, consolidated revenue increased 38.54 percent. The company's consolidated revenue in 2013 reached NT$ 2.74 billion, a YoY increase of 20.91%.
Due to the LED industry's conventionally low 4Q season, parity pressure from clients, and 2013 year-end stocktaking, Edison Opto's 4Q13 consolidated revenues experienced quarterly loss of 22.54 percent to NT$ 641 million. In addition, Edison Opto recently announced subsidy LumenMax board members have approved recognizing asset losses of NT$ 177 million during a recent meeting. Since Edison Opto has a 66% stake in LumenMax, this is likely to impact Edison Opto's 4Q13 profit performance.
Edison Opto was originally a manufacturer of high power lighting components, and in 2013 has been actively expanding its low and mid power PLCC production capacity. The company has also cooperated with LumenMax to develop PLCC business, and has consolidated LumenMax financial reports in June 2013. Edison Opto's current PLCC monthly production capacity has been expanded to 300kk, while COB monthly production has been expanded from 500K to 1.5KK.
