Radiant Opto-Electronics Corporation Reports Solid Q1 2025 EPS of NT$2.33 Amid Off-Season While Staying Cautious For The Year. Meta-Lenses In Mass Production With Capacity Expansion Underway.

April 24 —Radiant Opto-Electronics (6176. TW) held its institutional investor conference today to present its 2024 Annual and 2025 Q1 results and outline future strategies.

In 2024, the company recorded consolidated revenue of NT$51.63 billion, marking a 17% year-over-year growth — the second highest in three years. Gross profit reached NT$10.69 billion, with gross margin improving by 0.58 percentage points compared to the previous year. Net income stood at NT$7.27 billion, up 38% year-over-year, with earnings per share (EPS) hitting a record high of NT$15.63. Radiant has generated EPS exceeding its stock par value for seven straight years and set out to distribute a cash dividend of NT$10.5 per share, marking the third consecutive year of double-digit dividend payouts.

For the first quarter of 2025, consolidated revenue reached NT$12.03 billion, up 11% from a year ago. However, the company remains cautious about its backlight module business due to uncertainties in the global economy. Factors such as geopolitical tensions and weak macroeconomic data may impact overall market demand. Radiant continues to maintain a prudent outlook on both revenue and shipment volume for the year.

In 2025, Radiant will continue its expansion of new product lines. The company expects capex to grow by four to five times the amount of 2024, primarily for the construction of new plants and equipment purchases.

Regarding new products, the company said its front light panels have been adopted by leading brands in the e-reader and e-paper industries, driving shipment volume to increase 429% in 2024. With the advent of new front light technology, full-color, low-glare, and eye-friendly materials are expected to gain strong market traction. Radiant will keep working with its Finnish subsidiary, Nanocomp, to develop high-performance, ultra-thin front light panels.

Additionally, NIL Technology, Radiant’s Danish subsidiary acquired earlier this year, has secured orders and mass production of meta-lenses is now underway. These lenses are primarily used in 3D sensing for industrial robotics. Radiant has been actively engaged with clients from consumer electronics, robotics, automotive, and biomedical sectors since the acquisition.

In 2025, Radiant will continue to strengthen its core technologies while expanding overseas production capabilities. Its Vietnam plant is scheduled to begin operations in the fourth quarter of this year, and new meta-optics fabrication lines in Malaysia are slated to come online by the end of Q3. The company will control the cost structures of all overseas sites to maintain lean manufacturing practices and maximize efficiency.

Since 2023, Radiant has committed to a strategic transformation, aiming to become a comprehensive optical solution provider. In the conference, Chairman Mr. Yu-Chao Wang reiterated that Radiant will follow its "dual-engine" strategy — self-strengthening and strategic investing. M&A synergies are beginning to materialize and newly acquired technologies of front light panels and meta-optics are now adding value to Radiant’s turnkey solutions to its clients. Going forward, Radiant is determined to boost the growth of new products as well as ensure a dynamic yet resilient allocation of human and manufacturing resources. Radiant, living up to its name, is establishing itself as the trusted partner of choice for high-precision optical components.