Primax Electronics Ltd. (TWSE: 4915) today announced its consolidated revenue for November was NT$4.98 billion, down 0.1% month-over-month (MoM). For January through November, Primax’s cumulative consolidated revenue was NT$56.43 billion, down 23% year-over-year (YoY).

Due to the rising global inflation and high interest rates, consumer product demands was negatively impacted. In addition, audio related products were weaker. Primax has strategically expanded into high-value-added products, and actively engaged in the AIoT applications. The integration of AIoT with edge-connected services (Edge AI) has accelerated the digital transformation. Primax focuses on smart AI surveillance solutions by offering various innovative solutions, including passenger safety, law enforcement safety, transportation safety, campus & community safety, and broader access control. Primax is proactively investing in emerging technologies such as automotive electronics (ADAS/AVAS), AIoT (B2B) visual solutions, and AR/VR/MR.

Primax has capitalized on smart IoT trends, continuously improved operational efficiency, optimized its product mix, and further enhanced its operational performance. This strategic approach has resulted in a significant improvement in profitability. Despite the challenging macro environment, Primax aims to maintain solid operational performance.