ANSAN, South Korea–(BUSINESS WIRE)–Seoul Viosys Co., Ltd. (KOSDAQ 092190), a leading global compound semiconductor provider, announced today that it achieved a record high consolidated revenue of KRW 131.0 billion in the second quarter. The second quarter consolidated revenue increased by 27% year-on-year and by 7.5% quarter-on-quarter.
Overall sound growth continued from the second generation technologies including WICOP, Violeds and general visible LED while WICOP leads revenue growth recording over 15% quarter-on-quarter.
Seoul Viosys’ IR team commented the current earnings trend is still in line with the company’s upbeat business view since early this year and a record-high growth would likely continue in the third quarter thanks to the ongoing sound demand.
Detailed earnings and the third quarter revenue guidance are to be announced through the provisional second quarter earnings disclosures towards the end of July.
About Seoul Viosys
Seoul Viosys is a full-line solution provider for UV LED, VCSEL (Vertical Cavity Surface Emitting Laser), the next-generation light source for 3D sensor and laser, and a single-pixel RGB “Micro Clean Pixel” for displays. Established in 2002 as a subsidiary of Seoul Semiconductor, it captured the No. 1 market share in the UV LED industry (LEDinside, 2018). Seoul Viosys has an extensive UV LED portfolio with all wavelengths range (200nm to 1600nm) including ultraviolet rays (UV), visible rays and infrared rays. It holds more than 4,000 patents related to UV LED technology. Violeds, its flagship UV LED technology, provides a wide range of industries with optimal solutions for strong sterilization and disinfection (UVC), skin regeneration (UVB), water/air purification and effective cultivation for horticulture. In 2018, Seoul Viosys acquired RayCan, a leading optoelectronic specialist, to add the advanced VCSEL technology which supports smartphone facial recognition and autonomous driving, and has started its mass production. In January 2020, it introduced a disruptive “Micro Clean Pixel” that has the potential to be a game-changer in the display market. To learn more, visit http://www.seoulviosys.com/en/
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