June 29, 2016 -
Egis Technology (Egistec) chairman and CEO Steve Ro says the company expects to enjoy strong fingerprint sensor orders through the end of 2016 and is looking to break into the supply chain of China’s brand handset vendors in the fourth quarter.
According to a report by Digitimes, Egistec reported net losses of US$2.72 million on consolidated revenues of US$16.5 million for 2015. The company decided not to distribute any dividend for 2015. Ro said that Egistec is set to post sequential revenue growth through the fourth quarter of 2016 and that sales for the fourth quarter will register a dramatic increase that will determine whether the company is able to turn profitable.
The company’s 2016 revenues through May jumped 210% to nearly US$10 million.
Earlier this month, Egistec announced that Samsung Electronics selected Egis’ ET320 fingerprint touch sensor for implementation into the Samsung Galaxy A5 in select markets.