Visco Vision reported record-high revenue for Q3 2024. While Q4 revenue is expected to see a slight quarter-on-quarter (QoQ) dip due to year-end inventory management by clients, the company maintains a strong year-on-year (YoY) growth outlook.

Financial & Operational Performance:

• Q3 Results: Revenue reached NT$1.13 billion (EPS: $4.06). Cumulative EPS for the first three quarters stands at $10.1.
• Market Drivers: Strong demand for "unrolla" silicone hydrogel color contact lenses in Japan and China drove Q3 growth. European revenue also grew 20% due to new warehouse stocking and increased client demand.
• Capacity Expansion: Monthly production capacity will reach 49 million pieces in Q4, with revenue contributions starting in Q1 2025. Due to high utilization rates (consistently above 90%), Visco plans further expansion to 52 million pieces by Q3 2025.

The company expects gross margins to improve in 2025 through increased automation and a higher sales mix of high-value functional lenses (e.g., astigmatism/toric lenses).

Resource: 新產能挹注 視陽明年Q1展望正向