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DQC - Prolonged price competition hurts margins - Earnings Flash

DQC is losing market share amid a backdrop of slumping traditional bulb sales… DQC’s traditional lighting revenue plummeted 15% in 9M 2017 vs 9M 2016 as a result on the ongoing conversion from traditional lighting to LED. Per management, sales of low-intensity traditional bulbs were impacted the most as some competitors’ LED equivalents are now selling at roughly similar prices (and much lower than DQC’s LED prices).