Wednesday, January 13, 2016

Pixart to Buyback Shares

Digitimes: Pixart plans to buy back up to 2M of its shares from January 12 to March 11. The repurchased shares will be distributed to employees, the company said. This share buyback is the third conducted by the company since September 2015.

Due to rise in shipments of automotive and security & surveillance sensors, as well optical mice sensors, Pixart revenues increased 1.2% QoQ to NT$1.08 billion (US$32.3M) in Q4 2015. Pixart reported revenues of NT$4.32 billion for 2015, down about 9% on year.

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