Out in Front

Posiflex lands orders for Bitcoin ATMs

Ninelu Tu, Taipei; Adam Hwang, DIGITIMES Asia 0

Own-brand POS (point of sale/service) device and kiosk maker Posiflex Technology has obtained orders for Bitcoin ATMs (automated teller machines) and will gradually ship these machines beginning the second quarter of 2021, according to industry sources.

As many clients deferred orders placed in 2020 to 2021 amid the coronavirus pandemic, Posiflex is likely to see over 10% on-year growth in 2021 consolidated revenues, the sources said.

Posiflex posted consolidated revenues of NT$8.090 billion (US$284 million), gross margin of 32.51%, operating profit of NT$467.1 million, net profit of NT$123.9 million and net EPS of NT$1.65 for 2020, and has decided to distribute a cash dividend per share of NT$1.50 for the year.

Posiflex has reported consolidated revenues of NT$680 million for February, growing 10.15% on month and 9.21% on year, and those of NT$1.297 billion for January-February, rising 8.22% on year.