TPK swings again to profitability in 1Q20
Siu Han, Taipei; Steve Shen, DIGITIMES
Touch panel maker TPK Holding has reported revenue for the primary quarter of 2020, bolstered by larger than anticipated shipments of medium- to large-size contact options for pill and pocket book purposes amid rising stay-at-home actions.
Net revenue for the primary quarter totaled NT$40 million (US$1.344 million), in comparison with lack of NT$98 million 1 / 4 earlier and almost doubling from web revenue of NT$24 million a yr earlier.
In the primary quarter, shipments of contact options sized 7-11 inches had been 2% larger than anticipated and people sized 11-16 inches had been 70% larger than anticipated, cushioning a 5% decline in shipments of small-size purposes, in keeping with firm CEO Leo Hsieh.
Having seen its revenues decline 23.7% sequentially and 9.5% on yr to NT$28.19 billion within the first quarter, Hsieh expects the corporate’s revenues to fall at a slower tempo of 5-10% within the second quarter, as demand for medium- to large-size purposes stays sturdy.
However, Hsieh mentioned that the enterprise outlook for the entire yr might not turn out to be clear till the tip of the second quarter, because the effectiveness of virus management efforts, and the fiscal and monetary stimulus measures initiated by numerous governments will have an effect on international financial efficiency within the second half of the yr.
But TPK will proceed to develop its manufacturing capability within the second half of the yr, specializing in medium-size purposes and LCM module merchandise, Hsieh mentioned.
The firm additionally stays on observe for quantity manufacturing of its silver nanowire contact options, which is prone to come within the third quarter in keeping with shoppers’ roadmap for rolling out two foldable smartphone fashions in 2020, Hsieh revealed.
