Taiwan-based IC designer FocalTech Systems is prone to return to profitability in 2019 due to strong shipments of its new-generation TDDI and fingerprint ID chip options anticipated within the second half of the yr, in accordance with trade sources.
FocalTech’s annual revenues shrank by 8.1% on yr to NT$9.92 billion (US$321.46 million) in 2018, with web loss hitting NT$2.45 billion because of the corporate recognizing all potential losses from stock and intangible sources in its monetary statements.
The firm is predicted to take pleasure in new progress momentum and regain worthwhile operations in 2019, because it has efficiently ventured its LCD driver ICs and touchscreen controller ICs into area of interest software markets and its new-generation TDDI ICs and fingerprint ID chips will probably be accessible for quantity shipments beginning within the third quarter.
FocalTech’s first-quarter 2019 revenues declined by practically 20% sequentially to NT$1.64 billion, however its March revenues already rebounded to over NT$700 million and its first-quarter loss per share was below NT$0.20 on a gross margin pickup.
The firm is predicted to see gradual pickup in shipments of each current and new product strains within the second quarter, and single-month profitability could begin to seem within the quarter, trade sources stated.
