GeoVision Inc. Announced Financial Results for the First Half Year 2017

August 9, 2017–The Board of Directors of GeoVision Inc. (TWSE: 3356) announced the audited financial reports for the first half of 2017.

The First Half Year of 2017 Ended June 30^th:

• Consolidated revenues were NT$788 million, decreased 21% year-over-year.
• Gross margin was 36%, compared with 47% the same period last year, due to products pricing down and rising manufacturing cost.
• Operating expenses stay flat but due to decreasing revenues and gross margin, the operating losses amounted to NT$44 million during the first half of this year.
• Due to weakening US dollars and Euros, losses from unrealized foreign exchanges during the first half year hiked to NT$85 million, which resulted in pretax losses to NT$131 million, or a pretax margin of -16%.
• Net losses attributable to owners of the parent company were NT$108 million, which declined 208% compared to the same period of last year. Based on the current capital of NT$772.6 million, the EPS was minus NT$1.41 for the first half of the year.
• The Board of Directors also approved the financial calendar for dividend distribution. The ex-dividend and ex-rights date is November 2, 2017. Book closure period is from November 6 to 10, 2017. Record date is November 10, 2017. The dividends include a cash dividend of NT$0.99364258 and a stock dividend of NT$1.49046381 per ordinary share.
• GeoVision will exhibit at the Smart+ Manufacturing & Monitech Exhibition in Taipei Nangang Exhibition Center on September 20-22, showcasing its security solutions for smart manufacturing (Industry 4.0). The smart solutions for manufacturing factories will include its in-house designed control center software, access control software, mobile notify and access apps and video management software; as well as hardware, including license plate recognition cameras, VR IP cameras, face recognition cameras, and AOI system for automatic optical inspection.

GeoVision Financial Results:

The following are the highlights of the company financial results for the first half year ended June 30, 2017.