“…the remarkable growth has taken place during a period of intense competition and falling prices in the mobile fingerprint sensor market…”
Egis Technology has provided a revenue update for the third quarter of the year.
The Taiwan-based company reports revenues for the quarter of about NTD 1.4 billion (just under $47 million USD at the time of writing), an increase of 62 percent over Q2’s earnings, which reached about NTD 874.7 million (just under $29 million USD). Compared to Q3 of 2016, it’s an increase of 229 percent.
This is not a complete fiscal picture of the company, which issued only its revenues, and not costs or any other figures. Nor did Egis offer further details of business activities contributing to the revenue rise. But the remarkable growth has taken place during a period of intense competition and falling prices in the mobile fingerprint sensor market, suggesting that Egis’ growth may have come from other sources. Among them could be activities in the AR, VR, and automotive sectors, which were to be the focus of a partnership with IriTech announced in February of this year, but this is just speculation.
Egis Technology stocks were up 1.93 percent as of the Taiwan market’s close on November 7th.
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November 7, 2017 – by Alex Perala
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