New Risk • May 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.67m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (US$9.67m market cap). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$116m revenue, or US$3.7m). Reported Earnings • Jan 09
First half 2025 earnings released: NT$1.93 loss per share (vs NT$1.27 loss in 1H 2024) First half 2025 results: NT$1.93 loss per share (further deteriorated from NT$1.27 loss in 1H 2024). Revenue: NT$12.2m (down 25% from 1H 2024). Net loss: NT$54.3m (loss widened 52% from 1H 2024). New Risk • Jan 08
New major risk - Revenue and earnings growth Earnings have declined by 44% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$116m revenue, or US$3.7m). Market cap is less than US$100m (US$35.9m market cap). New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$120m revenue, or US$3.9m). Market cap is less than US$100m (US$42.5m market cap). Reported Earnings • Nov 12
Full year 2024 earnings released: NT$3.21 loss per share (vs NT$6.30 loss in FY 2023) Full year 2024 results: NT$3.21 loss per share. Revenue: NT$120.2m (up 266% from FY 2023). Net loss: NT$120.6m (loss widened 141% from FY 2023). New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 48% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (NT$34m revenue, or US$1.1m). Market cap is less than US$100m (US$32.2m market cap). Board Change • Jul 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Mu-Jung Yang is the most experienced director on the board, commencing their role in 2024. Independent Director Charles W. Tu was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 06
Semilux International Ltd. Announces Board Changes On June 2, 2025, the Board of Directors of Semilux International Ltd. appointed Ms. Shu-Chuan Chien as a member of the Board of Directors, effective immediately. Ms. Chien fills the vacancy created by the resignation of Mr. Kwan Sun, which was previously disclosed by the Company in its Form 6-K filed on May 15, 2025.
In addition to her appointment to the Board, Ms. Chien has also been appointed to serve as a member of the Company’s Audit Committee.
Ms. Chien serves as the General Manager of Xuyao International Industrial Co. Ltd., where she is responsible for the company’s overall strategic direction, operations, and business development, including oversight of financial performance and internal controls. Prior to joining Xuyao, Ms. Chien served as Procurement Section Manager at Hua Hao Electronics Co. Ltd., where she led strategic sourcing initiatives and managed supplier relationships across global markets. Ms. Chien has over 20 years of experience in corporate management, procurement, and international business operations, with a focus on supply chain optimization, cost control, risk assessment, and cross-border business development. She holds a degree in International Trade from Aletheia University in Taiwan.
The Company also entered into an indemnity agreement with Ms. Chien in the same form as its standard form of indemnification agreement with its other directors. Aankondiging • May 01
Semilux International Ltd. announced delayed 20-F filing On 04/30/2025, Semilux International Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 48% over the past year. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (NT$34m revenue, or US$1.0m). Market cap is less than US$100m (US$50.5m market cap). Reported Earnings • Dec 19
First half 2024 earnings released First half 2024 results: NT$1.27 loss per share. Net loss: NT$35.7m (flat on 1H 2023). New Risk • Dec 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 68% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (NT$33m revenue, or US$1.0m). Market cap is less than US$100m (US$50.2m market cap). New Risk • Aug 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue has declined by 68% over the past year. Minor Risks Revenue is less than US$5m (NT$33m revenue, or US$1.0m). Market cap is less than US$100m (US$43.8m market cap). Board Change • Jul 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Mu-Jung Yang is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • May 01
Semilux International Ltd. announced delayed 20-F filing On 04/30/2024, Semilux International Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • Feb 23
Semilux International Ltd. announced that it has received $50 million in funding from White Lion Capital Llc On February 22, 2024, Semilux International Ltd. closed the transaction. Aankondiging • Feb 17
Taiwan Color Optics, Inc. completed the acquisition of Chenghe Acquisition Co. (NasdaqGM:CHEA) in a reverse merger transaction. Taiwan Color Optics, Inc. entered into a business combination agreement to acquire Chenghe Acquisition Co. (NasdaqGM:CHEA) in a reverse merger transaction for $380 million on July 21, 2023. The completion of the Proposed Transaction is expected to take place in the fourth quarter of 2023. The transaction has been approved by the board of Chenghe Acquisition. Cohen & Company Capital Markets is serving as financial advisor and lead capital markets advisor to Chenghe Acquisition Co. White & Case is serving as legal advisor to Chenghe Acquisition Co. and Landi Lawyer is serving as legal advisor to TCO.
Taiwan Color Optics, Inc. completed the acquisition of Chenghe Acquisition Co. (NasdaqGM:CHEA) in a reverse merger transaction on February 15, 2024. 