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ams AG / ams reports first quarter results in guidance range reflecting customer volume effects, revenues up 147% year-on-year; expected second quarter revenues strongly impacted by - Seite 2
valuation effect of option element of foreign currency convertible bond),
compared to USD -19.9 million for the same period 2017 (first quarter 2018: USD
77.1 million including valuation effect). Adjusted basic/diluted earnings per
share for the first quarter were CHF 1.20/1.12 or USD 1.25/1.17 based on
80,064,021/ 83,082,083 shares (weighted average; CHF 0.92/0.86 or USD 0.96/0.89
including valuation effect; first quarter 2017: CHF -0.23/-0.23 or USD -0.27/-
0.26 based on 74,496,209/76,213,409 shares, weighted average).
Cash flow from operations for the first quarter was USD 56.3 million compared to
USD 32.0 million in the same quarter last year. Total backlog on 31 March 2018,
excluding consignment stock agreements and including certain forecasted
commitments, was USD 345.9 million (USD 666.1 million on 31 December 2017 and
USD 240.4 million on 31 March 2017).
ams' business showed a solid performance in the first quarter with strong year-
on-year growth despite customer volume effects in its consumer business. ams'
first quarter results thus confirm the company's strong market position in high
performance sensor solutions across consumer and non-consumer businesses.
The consumer and communications business started into the year on a positive but
more balanced note as the market success of ams' solutions was moderated by
noticeable customer volume effects in the smartphone market. Leading in optical
sensing, ams provides high performance optical sensing solutions including 3D
sensing optical systems, TrueColor display management, proximity sensing and
other optical applications to many of the world's largest smartphone and
consumer OEMs. With a focus on emerging applications ams drives innovation
around optical technologies for long-term growth markets. ams' optical sensing
portfolio spans a wide array of hardware and software where ams recently added
leading software IP for 3D facial recognition through the acquisition of
KeyLemon which closed in the quarter.
While ams is experiencing a more difficult short-term demand environment in the
smartphone market, ams sees consumer OEMs actively engaging with the company on
3D sensing and other new upcoming sensing functionalities, all driven by the
need for differentiation. ams pursues its comprehensive multi-generation roadmap
in 3D sensing and prepares for significantly broader adoption of 3D sensing in
the consumer market. ams' VCSEL and VCSEL driver capabilities are a key element
of its 3D sensing portfolio with strong market traction and they create clear
competitive advantages for ams' 3D sensing strategy. Given the complexity of 3D
on-year growth despite customer volume effects in its consumer business. ams'
first quarter results thus confirm the company's strong market position in high
performance sensor solutions across consumer and non-consumer businesses.
The consumer and communications business started into the year on a positive but
more balanced note as the market success of ams' solutions was moderated by
noticeable customer volume effects in the smartphone market. Leading in optical
sensing, ams provides high performance optical sensing solutions including 3D
sensing optical systems, TrueColor display management, proximity sensing and
other optical applications to many of the world's largest smartphone and
consumer OEMs. With a focus on emerging applications ams drives innovation
around optical technologies for long-term growth markets. ams' optical sensing
portfolio spans a wide array of hardware and software where ams recently added
leading software IP for 3D facial recognition through the acquisition of
KeyLemon which closed in the quarter.
While ams is experiencing a more difficult short-term demand environment in the
smartphone market, ams sees consumer OEMs actively engaging with the company on
3D sensing and other new upcoming sensing functionalities, all driven by the
need for differentiation. ams pursues its comprehensive multi-generation roadmap
in 3D sensing and prepares for significantly broader adoption of 3D sensing in
the consumer market. ams' VCSEL and VCSEL driver capabilities are a key element
of its 3D sensing portfolio with strong market traction and they create clear
competitive advantages for ams' 3D sensing strategy. Given the complexity of 3D
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