Sapphire substrate supplier Rubicon Technology, Inc. announced its fourth quarter of 2013 (October-December) after the close of the US stock market on the 19th: the revenue season increased by 3.6% to US$1 18.5 million; 0.22 US dollars, better than the previous quarter's loss of 0.26 US dollars.
Rubicon pointed out that the demand for the overall sapphire substrate continued to rebound during Q4, mainly driven by the LED lighting market, mobile device non-LED applications (such as the sapphire main screen button used by the iPhone 5s), and the camera lens cover of the smart phone. Rubicon also pointed out that the sales of 2-4 inch sapphire core materials increased 28% to 92 million US dollars, mainly due to the increase in both shipments and prices.
Rubicon Chief Financial Officer William Weissman said that the company has begun to increase the capacity utilization of the growth furnace in the previous season, and now it is fully open. However, gross profit increased by only $507,000 due to the decline in sales of silicon wafers and the increase in research and development costs, which offset the decline in the cost of plant shelving and the increase in the price of 2-4 inch sapphire core materials.
Looking forward to this quarter (January-March), Rubicon President and CEO Raja Parvez estimates that revenue will reach $13 million.
Rubicon pointed out that the demand for the overall sapphire substrate continued to rebound during Q4, mainly driven by the LED lighting market, mobile device non-LED applications (such as the sapphire main screen button used by the iPhone 5s), and the camera lens cover of the smart phone. Rubicon also pointed out that the sales of 2-4 inch sapphire core materials increased 28% to 92 million US dollars, mainly due to the increase in both shipments and prices.
Rubicon Chief Financial Officer William Weissman said that the company has begun to increase the capacity utilization of the growth furnace in the previous season, and now it is fully open. However, gross profit increased by only $507,000 due to the decline in sales of silicon wafers and the increase in research and development costs, which offset the decline in the cost of plant shelving and the increase in the price of 2-4 inch sapphire core materials.
Looking forward to this quarter (January-March), Rubicon President and CEO Raja Parvez estimates that revenue will reach $13 million.
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