Vitrox Sets Q1 Revenue Mark
PENANG -- ViTrox Technologies saw its revenues in North America climb 40% over a year ago for the quarter ended Mar. 31.
It marked the highest gain for the automated vision inspection OEM.
Demand was higher for 2D/3D AOI and AXI, the firm said. "Market demand is huge in US and Mexico region, especially in the fields of EMS, aerospace and also automotive," the company said in a press release.
In 2016, ViTrox recorded total revenue of RM 234 million ($54.5 million), with North America making up 16% ($8.6 million). It was Vitrox's first year with revenues in excess of RM200 million.
ViTrox expects linear growth of revenue from quarter to quarter in 2017 in the US.
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