Primax Electronics Ltd. (TWSE: 4915) today announced its consolidated revenue for August was NT$5.2 billion, which is a 3.7% month-over-month (MoM) increase. For January through August, Primax’s cumulative consolidated revenue was NT$40.95 billion, a 22.7% year-over-year (YoY) decrease.

Primax has positioned the operational goals towards profitability focus in recent years, resulting in continuous improvements in both gross margin and operating margin thanks to product portfolio optimization. Primax has been actively expanding into high-value-added applications by offering innovative automotive and AIoT solutions. As AI technology and edge computing applications is gradually maturing, Primax benefits from the growing trend of AI surveillance including passenger safety, law enforcement safety, transportation safety, campus & community safety, and broader & access control. Furthermore, with the rise of smart technologies, automotive electronics (ADAS/AVAS), AIoT (B2B) visual solutions and AR/VR/MR are expected to contribute to the revenue growth. Despite facing global economic challenges, Primax is consistently dedicated to cost control, executes effective risk management, and increases R&D investment to meet our long-term growth and future development, as a result, our overall operational performance would remain solid.