March 2, 2016 -
FocalTech Systems is looking to post a double-digit revenue increase in 2016, according to company chairman Genda Hu.
In a report in Digitimes, Hu attributes a dip in revenues for the first quarter of 2016 to seasonal factors and the impact on shipments due to the earthquake that hit southern Taiwan in early February.
Hu also said that the company expects to achieve a 20% gross margin in 2016 thanks to the increasing number of shipments of integrated driver controllers, fingerprint solutions and force touch solutions. FocalTech’s gross margin already improved to 18.2% in the fourth quarter of 2015 from 17.4% in the third quarter, 17.2% in the second quarter and 15.5% in the first.
Hu indicated that monthly shipments of FocalTech’s integrated driver controllers may reach one million units in the second or third quarter of 2016 as more devices adopt the solutions. The company’s fingerprint sensors and force touch products will enter mass production stages later in 2016.
FocalTech reported net profits of NT$236 million (US$7.1 million) on revenues of NT$11.48 billion for 2015.
This past December, FocalTech and Precise Biometrics entered an agreement to license Precise Biometrics’ product for fingerprint recognition, Precise BioMatch Mobile.