New facial biometrics offering drives Cyberlink Q4 revenue gains
Cyberlink has reported revenues of NT $407.1 million (approximately US$13.2 million) for Q4 2018, an 11.25 percent increase from Q3 driven by immediate and stronger than expected results from its AI-facial recognition engine, DIGITIMES reports.
The company reports $1,573 million (US$51.1 million) in revenues for fiscal 2018, down 7.65 percent from 2017, as it shifts its video and photo editing software user base from a purchase model to a subscription one. Net earnings per share were NT $0.95 for Q4, and NT $3.88 for the year on NT $106.2 million ($3.5 million) and NT $423.4 million ($13.8 million) in net operating profit. Net profit was the one area of major year-over-year gains, with NT $328.8 million ($10.7 million) representing a 36.13 percent improvement.
“Demand for FaceMe, its in-house-developed AI-enabled facial recognition engine launched in September 2018, has been stronger than originally expected, with Acer, Syscom Computer Engineering and Altek having adopted for smart retail operation, robots and AI IoT devices,” company chairman Jau Huang says. “FaceMe is expected to be the major growth driver over the next 2-3 years for CyberLink.”
Since the launch of its FaceMe product last year, Cyberlink has been busy generating new business. Since its fiscal year-end on December 31, 2018, Cyberlink has announced FaceMe integrations with Altek’s 3D imaging technology for smart security systems, and with Syscom’s service robot, Ayuda.