Primax December 2024 Revenue of NT$4 billion

Primax Electronics Ltd. (TWSE: 4915) today announced its consolidated revenue for December was NT$4 billion, down 1.5% year-over-year (YoY). The 4Q consolidated revenue amounted to NT$13.14 billion, a 6.3% YoY decrease. Primax’s 2024 cumulative consolidated revenue reached NT$58.17 billion, down 3.8% YoY.

Primax actively expands into high-value-added products, optimizing its product portfolio and further enhancing both gross margin and operating margin. December revenue was impacted by seasonality. Due to potential Trump 2.0 tariff impacts, PC customers are pulling in orders, coupled with recovering AIoT customer orders. Primax expects January revenue to revive sequentially. Primax leverages its core competence in X-IN-1 Sensory Fusion, offering diverse and cutting-edge solutions such as public safety, AIoT (B2B) visual solutions, AI video conferencing, and automotive products. Furthermore, Primax actively expands into niche markets such as industrial vision and acoustic inspection.

Looking ahead to 2025, Primax will continue to invest in innovative AIoT applications, and new product investments over the past few years are expected to inject new growth drivers. Meanwhile, the company will capitalize on group synergies to enhance its expertise in integrating vision, acoustics, and interface technologies. The Primax Group will showcase its groundbreaking smart vehicle innovations at CES 2025 through Audio Foundry, an automotive audio technology collaboration established by Tymphany. The group will present its next-generation solutions including ADAS, premium automotive audio systems, and vehicle vision technologies. These innovations highlight the group’s strong integration capabilities and cutting-edge applications while strengthening relationships with global customers and partners, providing a solid foundation for long-term growth.

About Audio Foundry

The Audio Foundry is a technology collaborative, empowering members to bring disruptive ideas to life in automotive audio and acoustics. Headquartered in Wales, United Kingdom, the Audio Foundry hosts a member alliance and fully equipped makerspaces staffed by experienced engineers and support team members. Founded in 2023, the Audio Foundry serves as an experimental retreat for OEMs, component manufacturers, and technology providers across the value chain. The Audio Foundry is dedicated to the discovery of novel technologies and experiences that enhance the automotive audio ecosystem. Visit www.audio-foundry.com for more information.