Egis Reports Revenue Jump in Q2 Results

Biometrics News - Egis Reports Revenue Jump in Q2 Results

Egis Technology has issued its Q2 results for the 2019 fiscal year, with the Taiwan-based biometrics specialist reporting a jump in revenues.

The company says it saw revenues of NT 1.899 billion, an increase of 36 percent from the previous quarter, and a jump of 28 percent year over year. Earnings per share came in at NT 3.46, an improvement over last quarter’s EPS of NT 1.96, but lagging behind the EPS of NT 4.20 seen in Q2 of 2018.

A member of the FIDO Alliance, Egis Technology is best known for its fingerprint sensor technology used in smartphones, including a pioneering in-display fingerprint scanning solution. The latter has become an important trend in mobile biometrics over the past year in particular – important enough that China-based Goodix Technology filed a patent infringement complaint against Egis Technology last month.

The complaint was not mentioned in Egis’s Q2 update, though the company did suggest that revenues in the third quarter could be affected by “macro events like Korea/Japan dispute, US/China Huawei trade tensions, etc.” Nevertheless, Egis said it will be working on more smartphone and tablet integrations in the second half of the year than it did in the first, and said that shipments of optical fingerprint sensors to China-based customers are expected to expand.

“Based on current forecasts, a stronger QoQ top-line growth is likely to be seen in 4Q19,” the company said.

Looking even further to the future, Egis said that it has next-generation “ultra-slim” fingerprint sensor technology in development as well as non-fingerprint products, and that it expects these new solutions to begin delivering revenue in 2020.

August 13, 2019 – by Alex Perala