Digital multimedia software solution developer CyberLink has been shifting from OEM shipments and B2C retail sale to a subscription business model with product lines extended from multimedia solutions to AI-based facial recognition and AI+AR-based beauty technology, according to company chairman and CEO Jau Huang.
Subscription-based sales have so far taken up 75% of total revenues from PC-based editing software products, smartphone-based editing apps as well as remote meeting and instant messenger products, showing achievement in shifting its business model, Huang said at an October 27 investor conference.
The proportion of consolidated revenues for OEM shipments to PC vendors and burning/backup software products for bundled sale with ODDs (optical disc drives) has kept falling to 40.11% in the third quarter of 2021, Huang added.
At Facial Recognition Vendors Test hosted by US-based National Institute of Standards and Technology, FaceMe ranked globally sixth with an accuracy rate of up to 99.73% for recognizing faces without masks and that of up to 98.21% for recognizing faces with masks. US-based FaceScan has integrated FaceMe with its temperature screening kiosks for identification of mask-wearing persons based on facial recognition, Huang indicated.
CyberLink will cancel two million treasury stock shares to downsize paid-in capital by 2.54% to NT$768.433 million (US$27.4 million).
CyberLink: Financial results, 3Q21 (NT$m) | |||||
3Q21 | Q/Q | Y/Y | Jan-Sep 2021 | Y/Y | |
Consolidated revenues | 370.7 | -12.04% | -14.22% | 1,168.5 | -2.93% |
Gross margin | 90.16% | 0.37pp | 3.14pp | 89.79% | 1.80pp |
Operating profit | 55.2 | -16.68% | -21.97% | 145.7 | -16.46% |
Net profit | 56.9 | -3.71% | 9.27% | 145.7 | -18.21%) |
Net EPS | 0.72 | 1.85 | |||
Source: Company, compiled by Digitimes, October 2021
CyberLink chairman and CEO Jau Huang
Photo: Michael Lee, Digitimes, October 2021
