Fibocom is mainly engaged in the design, research and development, and sales service of wireless modules and their application industry communication solutions, and the products are widely used in the industries of digital transformation, such as Telematics, Wireless Networked Devices, Mobile Office, Smart Retail, Smart Energy, Smart Security, Industrial Interconnection, Smart City, Sharing Economy, and Telemedicine, etc. In 2023, Fibocom launches a number of new products, including 5G Modules, RedCap modules, smart modules, automotive modules, and AI solutions. In addition to launching 12 TOPS high-computing power intelligent module SC171 to fully meet the various AI needs of robots, Fibocom has set up a special intelligent computing product line, AI-enabled intelligent applications in downstream industries. Taking the smart lawn mower industry as a breakthrough point, Fibocom focuses on the research and development of "perception" and "decision-making" related technologies, providing binocular perception and positioning modules, decision-making algorithms, and edge computing modules with integrated communication capabilities, and integrating AI, automatic driving, machine vision, high-precision differential GPS, and other technologies. It highly integrates artificial intelligence, automatic driving, machine vision, high-precision differential GPS positioning (RTK) and other technologies to provide a full-stack solution for the intelligent lawn mowing robot industry, and realises a full range of functions such as environment sensing, localisation, map construction, path planning, obstacle avoidance, navigation and application of lawn mowing robots.
Fibocom is thrilled to report a steady growth of 36.65% in business revenue in the 2023 fiscal year. For the full year, our business revenue reached USD 1.1 billion with a 36.65% YoY growth, and the net profit has reached USD 80.77 million with a 54.47% YoY increase, operating net cash flows were USD 93.49 million as of December 31, 2023, the performance was in line with the market expectations of the cellular connectivity demands.
✅ The result is well-rewarded to strengthen investors’ confidence in the stock market by achieving 11 cents basic earnings per share.
✅ The continuously growing investment in R&D and product portfolio has brought a positive impact on Fibocom’s global market performance.
✅ The commitment to deliver the best-in-class wireless module solutions and improve the capability of the Quality Management System for present and future growth.