Flexium Interconnect, a leading provider of flexible PCBs, anticipates strong demand for high-speed transmission device applications to boost revenues in the third quarter of 2022.
According to business CFO Arthur Hsiung, Flexium’s third-quarter revenue will probably climb by a single digit when compared to the same period in 2021. According to Hsiung, 2022 will see a surge in revenue in October and November.
According to Hsiung, Flexium will experience a double-digit year-over-year increase in revenue from handset orders in the third quarter of 2022. In the third quarter, the segment’s share of Flexium’s overall revenue might reach 50–55 percent.
Hsiung also reaffirmed Flexium’s revenue forecast for the entire year 2022 as a single-digit year-over-year growth.
Flexium is still committed to improving the high-frequency LCP (liquid crystal polymer) antenna board products it offers for high-speed transmission devices such laptops, smartphones, wearables, and AR/VR equipment. Hsiung highlighted that the prospects for the overall high-speed transmission demand remain positive.
Additionally, Flexium has increased its capex goal for 2022 by NT$2.5 billion (US$83.4 million), which would be utilized, in accordance with Hsiung, to acquire new land in southern Taiwan for capacity development. The company had earlier predicted that capex would be between NT$3 billion and NT$3.5 billion this year.
In the second quarter of 2022, Flexium reported revenue down 23% sequentially but up 3.7% annually to NT$7.31 billion, with a gross margin of 11.1%, down 4.8pp from the previous quarter and 3.2pp from the previous year. The EPS for the quarter was NT$0.90, while net profits was NT$288 million.
In the first half of 2022, Flexium reported sales growth of 18.5 percent year over year to NT$16.8 billion, with a 2pp decline in gross margin to 13.8 percent. With an EPS of NT$3.23, the company made net profits of NT$1.07 billion, an increase of 68.9% from the same time in 2021.