Sapphire substrate Rubicon Q2 revenue of $17 million is expected to increase by 5.9% to Q3 quarter of

LED upstream material supplier Rubicon Technology sapphire substrate, Inc. released the second quarter of 2012 in the U.S. stock market after August 2nd (4-6 months) earnings: revenue from last year's $10 million 200 thousand rose to $17 million; 6 inch silicon wafer revenue quarter increased 84% to $10 million 100 thousand, accounting for 59% of the total revenue of $0.06 per share; loss per share, better than the previous season the loss of $0.15.

Rubicon pointed out that due to the increasing rate of gross sales increased by high round Lijing and polishing plant capacity, so that during the second quarter gross margin reached 0%, quarter by 33 percentage points. Although the 2 to 4 inch sapphire substrate price weakness continued to compress gross margin, however, once the sapphire substrate manufacturers inventory decline, the price is expected to improve. Rubicon CEO Raja M. Parvez said, there are signs of recovery in the LED market.

Looking forward to this season (7-9 months), Rubicon estimated revenues will reach $18 million -2100 (equivalent to a quarter increase of 5.9% to $23.5%); loss per share of approximately $0.02-0.05.