Blank optical disc maker CMC Magnetics has reported web revenue of NT$420 million (US$13.6 million) for 2018, following consecutive losses for 11 years since 2007.
CMC’s enterprise operation turned from web lack of NT$695.6 million for the primary three quarters of 2018 to web revenue of NT$1.116 billion for the fourth quarter. Quarterly gross margin saved rising from -1.7% within the first quarter of 2018 to 17.2% within the fourth, leading to 7.2% for the entire yr. Net EPS was NT$0.24 for 2018.
While web working revenue was solely NT$50 million within the fourth quarter, CMC acknowledged capital achieve of NT$2.1 billion within the quarter from promoting a manufacturing unit in New Taipei City to pocket book ODM Quanta Computer at NT$4.82 billion in December 2018.
CMC’s board of administrators has determined to not distribute any dividend for 2018.
The enterprise enchancment was partly because of decreased clean optical disc provide, as some makers withdrew from the market in 2018, boosting costs by 10-15% within the yr, CMC chairman Robert Wong mentioned.
Amid growing demand for storing chilly information (information that have to be saved however are occasionally accessed) from information facilities and enterprises because of rising utility of AI and IoT applied sciences, CMC has begun producing archival optical discs that includes giant storage capacities and storage lifetime of 50-100 years, Wong indicated.
CMC has provided a number of archival optical disc fashions, with the best capability per disc reaching 300GB, Wong mentioned, including the capability will attain 500GB.
CMC expects archival optical discs to account for 10% of consolidated revenues in 2019 and the income proportion to rise to 20% in 2020.
