November consolidated revenues were $7.07 billion

Primax Electronics (4195 TT/4915.TW) announced today NT$7.07 billion in consolidated revenues for the month of November. This represented a 8% increase on the NT$6.57 billion in October and was the second highest monthly revenue reported by the company this year. Total consolidated revenues for the period between January and November was NT$62.32 billion.

According to Primax, the continued increase in November revenues was mainly due strong demand for home entertainment and audio systems. Revenues from home office and eSports interface products as well as law enforcement camera products all increased compared to October as well.

Primax’s unique 3-in-1 sensor integration (vision, audio, touch) and industry-leading technologies provide customers with a new one-stop solution for related applications. Looking ahead to 2021, commercial and industrial applications for automotive, IoT and smart homes will begin making a contribution as well and generate a new wave of growth for Primax in the future. Management confidence in the overall profit optimization and growth remains high.