Primax Electronics Ltd. (4915 TT / 4915.TW) announced today its consolidated July revenue of NT$7.38 billion, which is a 36.2% year-on-year (YoY) increase and a 4.7% month-over-month (MoM) gain. For the first 7 months, Primax’s accumulated consolidated revenue reached NT$45.56 billion, a 16.7% YoY increase.

Despite a PC market slowdown, Primax’s July revenue continued its upward momentum with a strong YoY growth. In the visual technology sector, growth came from stong auto and B2B camera demand. The business equipment sector saw a demand rebound for MFPs and printers, while new businesses also contributed to the segment’s top-line growth. Tymphany also saw a strong YoY revenue growth in July thanks to an ease of component shortages, increasing contributions from professional audio and growing demand for consumer audio products as we enter the peak season in 2H. Primax’s strong revenue momentum is expected to carry out throughout 3Q22, with monthly revenue seeing sequential month-on-month (MoM) gains.