Colorstars Group  (CSTU)
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Colorstars Group's



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 -6.48 %, recorded in the same quarter.

List of CSTU Competitors

Revenue Growth Comparisons

Net Income Comparison

Colorstars Group recorded net loss , despite income increase by most of its competitors of 0 %

<<  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)

Colorstars Group CSTU 25 1 0 6
Abb Ltd ABB 56,449 27,978 1,528 135,000
American Superconductor Corp AMSC 267 64 -17 354
Q2earth Inc APGR 0 1 -1 6
Acuity Brands Inc AYI 4,305 3,373 271 11,800
Bel Fuse Inc BELFB 29 465 -11 0
Berkshire Hathaway Inc BRKA 512,723 248,445 22,597 0
Capstone Companies Inc CAPC 4 10 -1 7
Cts Corporation CTS 716 418 21 322
Energy Focus Inc EFOI 91 13 -7 122
Exeled Holdings Inc. ELED 0 0 2 6
Emagin Corp EMAN 93 27 -4 100
General Electric Co GE 55,313 84,253 -4,560 305,000
Hubbell Inc HUBB 7,983 4,347 401 16,200
Lighting Science Group Corp LSCG 103 45 -23 52
Lsi Industries Inc LYTS 181 323 9 1,292
Welbilt, Inc. MFS 0 1,499 136 5,500
Orion Energy Systems Inc OESX 151 119 6 165
Revolution Lighting Technologies, Inc. RVLT 3 136 -58 235
Superconductor Technologies Inc SCON 12 1 -6 22
Stoneridge inc SRI 623 676 -7 4,100
Sensata Technologies Holding Plc ST 6,534 3,047 90 19,650
Tarsier Ltd. TAER 0 0 0 1
Transakt Ltd. TAKD 2 0 0 2
Transdigm Group Incorporated TDG 28,372 5,521 792 8,200
Veeco Instruments Inc VECO 656 425 -54 783
SUBTOTAL 674,636 381,186 21,103 508,925


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