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Egis Technology reports huge revenue gains in Q3

 

Egis Technology reported a 229 percent year-over-year increase in revenue to over $47 million in its Q3 2017 earnings.

Egis’ ET320 sensor is embedded in select Samsung Galaxy C7 models, which likely contributed to the gains. Another possible source of revenue growth is a partnership announced in February to promote their products in the AR, VR, and automotive markets. The company also announced integrations in a pair of Motorola devices in June as it demonstrated integrations for automotive and smart home use at Mobile World Congress Shanghai.

While Egis announced its under-glass fingerprint sensor at Mobile World Congress Barcelona earlier this year, that product does not appear to have generated revenue in the recent quarter.

Egis, a FIDO Alliance board member, provides turnkey fingerprint biometric solutions, with a proprietary matching algorithm the company says is among the best in the market for FAR/FRR performance. It provides sensors embedded in smartphones as home buttons or side power buttons, advertising its solution as the smallest sole source fingerprint/navigation module on the market. Egis sensors are also integrated in other devices including wearables and USB modules.

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