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VIA optronics AG is a leading provider of first-class display integration solutions, optical bonding services, and technology licensing packages. The company specializes in creating exceptional sunlight-readable displays, catering to high-demand applications across various market segments including consumer electronics, automotive, and industrial sectors. VIA optronics is renowned for its pioneering role in optical bonding solutions, holding a leading market position thanks to its patented Max VUTM process and proprietary VIA Bond optical bonding material.
With a strong commitment to exceeding quality and reliability standards, VIA optronics ensures that all its products meet the rigorous demands of its diverse clientele. The company offers a range of services from full system integration to standalone displays, enabling seamless implementation in complex environments. Their technological advancements and innovative solutions have cemented their reputation as industry frontrunners.
Despite recent concerns about governance and leadership, particularly surrounding the temporary suspension and subsequent reinstatement of founder Jürgen Eichner due to alleged accounting irregularities, VIA optronics continues to focus on delivering high-quality products and services. The company has faced scrutiny from Cannell Capital LLC, which owns 9.8% of VIAO's American Depositary Receipts, and is advocating for more transparent and ethical management practices.
As VIA optronics navigates these challenges, their core business operations remain robust, supported by a dedicated team of professionals and cutting-edge technology. For more information about VIA optronics AG, visit their website at www.via-optronics.com, or refer to their imprint.
VIA optronics AG (NYSE: VIAO) held its annual general meeting (AGM) on December 29, 2022, in Nuremberg, Germany, where several significant resolutions were passed. Shareholders ratified the actions of the Management and Supervisory Boards for the fiscal year 2021, approved the remuneration systems for board members, and elected PricewaterhouseCoopers GmbH as auditor for fiscal 2022. Notably, amendments were made to enable virtual meetings and to establish a stock program, enabling subscription rights for management and select employees. Full voting results and presentations are available online.
VIA optronics AG (NYSE: VIAO) announced record quarterly revenue of €62.9 million for Q3 2022, a 27.3% increase year-over-year. Display Solutions revenue surged 39.2% to €58.6 million, driven by strong automotive demand. Net income rose to €1.2 million, up from €0.1 million in Q3 2021. However, gross profit margin declined to 8.6% due to inflation and rising material costs. Cash reserves were stable at €54.3 million. The company forecasts Q4 revenues of €37 million to €42 million and full-year growth of 10% to 13%.
VIA optronics AG (NYSE: VIAO) has announced it will hold its 2022 annual general meeting (AGM) on December 29, 2022, at its headquarters in Nuremberg, Germany. The meeting will be in-person, and shareholders can find detailed information in the investor relations section of the company’s website. VIA is known for providing advanced interactive display systems and solutions tailored for high-end markets, emphasizing superior functionality and durability.
VIA optronics AG (NYSE: VIAO) announced it will release preliminary financial results for Q3 2022 on November 23, 2022, before market open. The company will also hold a conference call at 12:30 p.m. CET / 6:30 a.m. ET on the same day to discuss its performance and outlook. Investors can access the call via dial-in numbers or a live webcast on VIA's Investor Relations site. VIA specializes in customizable interactive display solutions that meet strict technical and optical requirements, catering to various demanding markets.
VIA optronics AG (NYSE: VIAO) announced plans to establish a shared services center in the Philippines, consolidating its administrative and global services. This initiative aims to enhance operational efficiency and reduce costs, allowing VIA's global sites to prioritize essential functions like operations and customer support. CEO Jürgen Eichner highlighted that this move will free up resources to capitalize on growth opportunities, particularly in the automotive, industrial, and consumer markets in China, amid rising demand for interactive display solutions.
VIA optronics AG (NYSE: VIAO) reported a 10.1% YoY revenue increase to €48.1 million for Q2 2022, exceeding prior guidance. Display Solutions revenue surged 15.5% to €43.2 million, driven by a 54% increase in the automotive sector, while revenue from Industrial applications dropped 22%. Gross profit margin fell to 8.5% from 14.0% due to higher logistic costs. The net loss improved to €1.4 million, or €0.31 per share, compared to €4.0 million in Q2 2021. The company anticipates revenue between €44 million and €49 million for Q3 2022 and full-year growth between 5% and 10%.
VIA optronics AG (NYSE: VIAO) plans to release preliminary financial results for the quarter ending June 30, 2022, on September 29, 2022, before market open. A conference call will follow at 2:30 p.m. CET / 8:30 a.m. ET on the same day, discussing performance and future outlook. Dial-in numbers are provided for various locations, and a live webcast will be accessible via the VIA Investor Relations website.
The company specializes in interactive display solutions tailored for demanding environments, emphasizing functionality and durability.
VIA optronics AG (NYSE: VIAO) anticipates a strong Q2 2022 revenue, projecting approximately €48 million, a 10% year-over-year increase, surpassing earlier guidance of €40 million to €45 million. CEO Jürgen Eichner attributed this growth to increased demand for their interactive display solutions, despite challenges from global component shortages. The company is focused on improving profitability and cash flow through internal measures and cost-saving initiatives expected to start in H2 2022. VIA will also participate in the Berenberg and Goldman Sachs Corporate Conference on September 21, 2022.
VIA optronics AG (NYSE: VIAO) plans to establish a new camera production line in Thailand, dedicated initially to an automotive EV customer. This initiative aims to meet the increasing demand for advanced camera systems crucial for autonomous driving. The new line will enhance precision and cost-effectiveness by utilizing bare die sensors, allowing for wider viewing angles. This milestone reflects VIA's commitment to expanding its capabilities in the growing market for automotive technology and other applications like agriculture and construction.
VIA optronics AG (NYSE: VIAO) announced its participation in the Society for Information Display (SID) Vehicle Displays & Interfaces 29th Annual Symposium & Expo on September 27-28, 2022, in Livonia, Michigan. The company will showcase its Interactive Display System featuring multiple displays on a curved cover glass, along with innovative copper metal mesh touch sensor technology, enhancing touch functionality and automotive camera technology for mirror replacement. CEO Jürgen Eichner expressed excitement about the event and the opportunity to engage with customers and partners.
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