Primax Electronics Ltd. (TWSE: 4915) today announced its consolidated revenue for September was NT$5.51 billion, which is a 6% month-over-month (MoM) increase. For 3Q23, Primax’s consolidated revenue was NT$15.72 billion, a 2.1% quarter-over-quarter (QoQ) decrease. For January through September, Primax’s cumulative consolidated revenue was NT$46.47 billion, a 23.2% year-over-year (YoY) decrease.

Due to the global economic slowdown, demand for PC-related products remains weak and audio-related products are undergoing inventory adjustment. The overall demand is facing challenges. However, Primax has positioned its operational goals towards profitability focus in recent years. Through continuously optimize customer base and product portfolio, Primax has achieved significant improvements in both gross margin and operating margin. Primax has actively expanding into high-value-added AI surveillance solutions, covering passenger safety, law enforcement safety, transportation safety, campus & community safety, and broader & access control. Furthermore, Primax is proactively investing in emerging technologies such as automotive electronics (ADAS/AVAS), AIoT (B2B) visual solutions, and AR/VR/MR are expected to contribute to the revenue growth. To remain competitive in the rapidly changing market, Primax will continue to focus on enhancing operational efficiency, strengthening cost control, implementing risk management, and maintaining a robust operational performance.