2022-11-28
RF IC firm Rafael Micro (6568) held an investor conference yesterday. CEO Ted Sun said Q3 hit a record and Q4 momentum remains solid, with an optimistic view for next year as new businesses grow in mix. Analysts expect a slight sequential dip this quarter but higher gross margin and possibly better profit than Q3.
Cumulative Jan–Oct consolidated revenue was NT$850 million, down 10.6% YoY. H1 was pandemic-hit; Q3 recovered to a quarterly revenue high. Capacity constraints may trim Q4 vs Q3, still up YoY; full-year revenue may be down single digits.
