Quarterly Sales Dip in May Despite High Base Period Last Year

Reported 7 months ago

Taipei, June 11, 2024 - Security company Qiuou recently announced a May revenue of 100 million NTD, slightly up from the previous month's 99 million NTD, but down by 17.02% compared to the same period last year, attributing the decrease to a higher base period due to heavier shipments last year. While only certain regions like Vietnam and ASEAN showed growth in May, Europe and America saw flat shipments. With a 3.99% year-on-year increase in revenue from January to May, Qiuou remains positive about the second half of 2024, expecting better performance than in 2023 by focusing on cloud products, AI technology, solar-powered green energy monitoring systems, and AI-driven control centers for efficient monitoring in sparsely populated regions.

Source: YAHOO

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