Reported about 1 year ago
Taiwanese game stock leader Gigadevice (3293) reported a May revenue of 1.572 billion NT dollars, up by 8.5% monthly and 35.56% yearly, breaking through the 15 billion mark for the first time and hitting a record high. Analysts believe Gigadevice's second-half revenue will outperform the first half, exceeding market expectations, with EPS expected to grow along with revenue. The revenue surge is mainly attributed to entering new markets in Europe and Southeast Asia, both in high-growth stages, in addition to steady growth in Taiwan and the US markets. The company's revenue, with a significant focus on game licensing, is poised for further growth due to its substantial online game revenue, 93% coming from online games and 7% from commercial game machines, and a high gross profit margin of 97% in the first two months of this year.
Source: YAHOO