Semilux International(US:SELX)2025-11-10 22:27Financial Performance - For the fiscal year ended December 31, 2023, 94.2% of the company's revenue was generated in U.S. Dollars, while 74.5% of its expenses were denominated in New Taiwan Dollars (NTD) [384]. - A hypothetical 10% change in foreign currency exchange rates could have a material impact on the company's financial statements [385]. Company Classification - The company is classified as an emerging growth company (EGC) and will remain so until it exceeds a market value of $700 million or total annual gross revenue of $1.07 billion [375][376]. - The company qualifies as a foreign private issuer, allowing it to follow corporate governance practices of Taiwan instead of certain Nasdaq requirements [380]. Risk Management - The company manages liquidity risk by maintaining adequate cash levels to finance operations and monitoring bank borrowings [388]. - Credit risk is primarily associated with bank deposits, trade receivables, and other financial assets, with measures in place to review counterparties' financial conditions [387]. - The company is exposed to interest rate risk due to borrowings based on both fixed and floating interest rates [386]. - The company has not engaged in any hedging strategies to date and may consider hedging significant transactions in the future [385]. Borrowings and Financial Obligations - The company's short-term bank borrowings include loans from Chuang Hwa Bank and E.Sun Bank, maturing on November 13, 2024, and April 28, 2024, respectively [386]. Reporting Requirements - The company will file an annual report on Form 20-F with the SEC within four months after the end of each fiscal year [377].