Genius Optoelectronics: CPO Products Sampled in May, Downstream Testing Expected to Take 1-2 Months

(CNA Reporter Chiang Ming-yen Taipei, July 7) Genius Optoelectronics' consolidated revenue for the first six months increased by 17.17% year-on-year. Genius Optoelectronics stated that the third quarter is the traditional peak season, and new CPO (Co-Packaged Optics) products were sampled to customers in May. It is estimated that it will take another 1 to 2 months to know the progress of subsequent downstream related testing.

Genius Optoelectronics' consolidated revenue for June was NT$1.739 billion, an increase of 6.77% month-on-month and 4.51% year-on-year. Consolidated revenue for the first six months was NT$11.822 billion, an increase of 17.17% year-on-year.

Looking ahead to the third quarter, Genius Optoelectronics stated that the third quarter is the traditional peak season. Although there are concerns in the market about customers raising mobile phone prices potentially affecting sales, based on current demand forecasts, the impact is not significant. However, actual shipments in the future will depend on actual customer pull.

Genius Optoelectronics pointed out that regarding the progress of new CPO products sampled to customers in May, there is currently no further news. It is expected to take another 1 to 2 months to know the progress of downstream related testing. (Editor: Chang Chun-mao) 1150707

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