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GeoVision Inc. Announced Financial Results for the First Quarter Ended Mar. 31, 2018
2018/04/23
- The revenues decreased by 14.5% year over year to NT$340 million during the first quarter of 2018.
- Gross profit were NT$132 million and the gross margin remained at 39% compared to the first quarter of last year. The newly launched products such as AI face recognition cameras and helped increased and maintained a positive gross margin by product mixes.
- Operating expenses increased 2% to NT$166 million due to the increase on operating cost and sales & marketing expenditure.
- The operating loss amounted to NT$34 million for the first quarter due to the decreased revenues and increased expenses.
- The appreciation of TWD to USD led to a loss of NT$26 million on foreign currency exchanges.
- Net losses amounted to NT$55 million which represented the loss per share of NT$0.62 based on the current capital of NT$894 million.
- GeoVision attended a recent press conference at ISC West 2018, organized by the Taiwan External Trade Development Council (TAITRA), Taiwan’s foremost trade promotion organization. In the conference, GeoVision demonstrated a new facial recognition IP dome camera with cutting-edge AI. It can recognize 8 human faces in 1.5 seconds simultaneously, making possible identification of authorized versus un-authorized personnel, creation of blacklists for restricted personnel, and VIP lists to improve relationship management.
GeoVision Financial Results:
The following are the highlights of the company's financial results for the first quarter ended March 31, 2018《Consolidated Income Statement》
Taiwan Dollars in NT$K |
Three Months Ended March 31, 2018 |
||
|
Amount (NT$K) |
Percentage |
|
Revenue |
339,996 |
100 |
|
Gross Profit |
132,245 |
39 |
|
Operating Loss |
(34,170) |
(10) |
|
Loss before Tax |
(73,094) |
(22) |
|
Consolidated Net Loss |
(55,174) |
(16) |
|
After-tax EPS (NT$) |
(0.62) |