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Colorstars Group  (CSTU)
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Colorstars Group's

Competitiveness


 

CSTU Sales vs. its Competitors Q3 2019



Comparing the results to its competitors, Colorstars Group reported Total Revenue decrease in the 3 quarter 2019 year on year by 0 %, slower than combine decrease of company's competitors by -17.47 %, recorded in the same quarter.

List of CSTU Competitors





Revenue Growth Comparisons




Net Income Comparison


Colorstars Group recorded net loss , as well as most of its competitors.

<<  More on CSTU Income Comparisons


Colorstars Group's Comment on Competitors and Industry Peers


We sell our products globally primarily to lighting distributors selling LED lamps and lighting fixtures for commercial lighting. As forecast in the Next Generation Lighting Industry Alliance (“NGLIA”) report, we expect this market to grow rapidly, especially as incandescent and fluorescent lamps are replaced by LEDs in commercial lighting because of energy savings, greater design flexibility, the elimination of pollutants, greater ruggedness, longer lifetimes and lack of catastrophic failures.

According to the NGLIA, an industry consortium involved in solid-state-lighting (“SSL”) working in cooperation with the United States Department of Energy (“DOE”), the size of the domestic market for lamps (light bulbs), ballasts, lighting fixtures, and lighting controls is about $12 billion. Globally, this market is about $40 billion.

According to the NGLIA, the total electrical energy used for lighting equals the output of about 100 large power plants (More than 3X this amount is needed to produce the electricity). The cost of this electricity is about $55 billion (2003).

The NGLIA also notes that, incandescent lamps, by far are the least efficient of the common lamp types, consume electrical energy equal to the output of more than 40 large power plants (according to the NGLIA website atwww.nglia.org/documents/SSL-Benefits.pdf ). According to the DOE, lighting accounts for 8% of all energy consumption in the United States and 22% of electricity nationwide. LEDs have the potential to reach 200 lm/W, compared to the efficacies of incandescent lamps at 15 lm/W and fluorescent tubes at 90 lm/W. If solid-state lighting replaced all existing lights, the DOE estimates customer savings of $115 billion by 2025 and a 10% reduction in greenhouse emission gases (according to the NGLIA website at www.nglia.org/about.html).

The NGLIA believes that the energy saving prospect for the use of SSL systems is significant. They estimate that when SSL reaches certain efficiencies, the U.S. will save annually the output of about 30 large power plants, or about 6-7% of our country’s total electrical energy usage. This will result in a savings of $17 billion in annual electrical costs (at 2003 rates). They also note that the accompanying environmental benefits are substantial, and include a reduction in carbon dioxide emissions of 155 million tons, and about a million tons in combined nitrous oxides and sulfur dioxide (according to the NGLIA website at www.nglia.org/documents/SSL-Benefits.pdf).
Competition in the market in which we sell our products is primarily based on price and the frequent introduction of new products to the market using the latest available technology. Our outsourced manufacturing operations in Taiwan, as well as the location of our research and development staff in Taiwan, allows us to take full advantage of a well-developed infrastructure of high-technology companies and well-trained engineers in the SSL industry.

Our principal competitors are Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) and Lighting Science Group (OTC: LSCG) in U.S.A., Philips and Osram in Europe, and Toshiba, and Panasonic in Japan. We also expect increased competition from major traditional lighting companies such as General Electric (NYSE: GE), Westinghouse, and Acuity Brands who have or are developing LED lighting products.

We believe that we can compete successfully with our competitors because of lower manufacturing costs and the close proximity of our research and development operations to one of the world's most advanced high-tech centers – Taipei – Hsinchu, Taiwan - which offers a supply of highly-trained engineers and the latest in SSL technology.





*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


CSTU's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Colorstars Group CSTU 25 1 0 6
Abb Ltd ABB 50,938 27,662 2,298 135,000
American Superconductor Corp AMSC 163 57 5 354
Q2earth Inc. APGR 0 0 -2 6
Acuity Brands, Inc. AYI 4,811 3,575 308 11,800
Bel Fuse Inc BELFA 35 520 2 7,971
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
Capstone Companies, Inc. CAPC 7 13 -1 7
Cts Corporation CTS 1,004 474 44 322
Energy Focus, Inc EFOI 7 12 -9 122
Exeled Holdings Inc. ELED 0 0 2 6
Emagin Corp EMAN 29 26 -5 100
General Electric Co GE 102,625 112,755 -4,774 305,000
Hubbell Inc HUBB 8,069 4,848 413 16,200
Lighting Science Group Corp LSCG 1 45 -23 52
Lsi Industries Inc LYTS 173 332 -14 1,292
Welbilt, Inc. MFS 0 1,499 136 5,500
Orion Energy Systems, Inc. OESX 137 129 9 165
Revolution Lighting Technologies, Inc. RVLT 2 136 -58 235
Superconductor Technologies Inc SCON 1 1 -10 22
Stoneridge inc SRI 793 855 68 4,100
Sensata Technologies Holding Plc ST 8,079 3,452 483 19,650
Tarsier Ltd. TAER 0 0 0 1
Transakt Ltd. TAKD 2 0 0 2
Transdigm Group Incorporated TDG 36,950 5,223 891 8,200
Veeco Instruments Inc. VECO 715 405 -191 783
SUBTOTAL 214,567 162,018 -427 832,896


             
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