Primax Electronics Ltd. (TWSE: 4915) today announced its consolidated revenue for March amounted to NT$5 billion, a 55% month-over-month (MoM) increase. For 1Q24, Primax’s cumulative consolidated revenue was NT$13.65 billion, down 7% YoY.

As edge computing and GenAI drives more diverse applications, Primax 3 senses in one (visual, audio, interface) integration capability will enhance device AI functionality. Primax focuses on smart AI surveillance solutions by offering various innovative solutions, including public safety, AIoT (B2B) visual solutions, and automotive applications, these segments will gradually contribute to our revenue in the second half of this year. Riding on edge computing trend, Primax aims to offer more innovative cross-industry applications. In addition, GenAI is expected to drive AI PC sales in 2H24 and stimulate the demand for information products.

Primax has been actively improving operational performance in recent years, continuously optimizing its product mix and expanding into high value-added products. Furthermore, Primax's margins will continue to improve due to better product mix thus further strengthen its profitability.