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Wednesday, February 10, 2010

Pixart Optical Touchscreen Revenue to Reach 10% of Total

Digitimes: Pixart expects revenues share of its optical touchscreen products to reach 10% in the second half of the year, according to company chairman Huang Sen-huang. The company has introduced two optical touchscreen solutions – one has two CMOS sensors plus DSP, the other one has three CMOS sensors plus DSP. Pixart partnered with Quanta Computer to develop optical touch products and has also begun cooperation with another optical company.

Pixart announced revenues of NT$1.03 billion (US$32.27 million) for fourth-quarter 2009, a sequential decrease of 10.4%. Gross margin dropped to 43.4% for the quarter from 47.7% in the third quarter mainly due to a change in product mix. Fourth-quarter net profits decreased 21.3% to NT$225.4 million. For 2009, total revenues decreased 21.9% to NT$3.75 billion from NT$4.80 billion in 2008, generating net profits of NT$848.2 million.

Pixart expects to see revenues stay flat in the first quarter of 2010. It has estimated a 5% revenue growth for mouse related products but a 30-40% decline in the PC webcam segment for the quarter.

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