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Ostin Technology Group Co., Ltd

ostin-technology.com

What Do They Do?

Sells display modules to consumer electronics, automotive display and commercial LCD customers, and polarizers to LCD panel manufacturers.

How Do They Make Money?

Customers place purchase orders for display modules and polarizers; product-sale revenue is earned at delivery, or at the shipping point for international sales. Repair fees are earned when work is done, while lease income is spread month by month.

revenue
SegmentShareRevenue
Sales of display modules
Sold outright

38%
FY2022: 33%
Sales of polarizers
Sold outright

49%
FY2022: 59%
Research and Developments
0.1%
FY2022: 5.4%
Others
Sold outright

12%
FY2022: 1.8%

Who Are Their Customers?

End-brand customers negotiate directly and may direct shipments to system integrators; affiliated trading companies and regional sales subsidiaries also procure orders and distribute products.

Customers above 10% of revenue, FY2025
of revenue from two customers (45%, 10%)
FY2024: 47% from two customers

Do Revenues Turn Into Profits?

No. It lost $10.3M in FY2025.

Operating income, FY2025
−23% of revenue
▼ −5% (Loss) vs FY2024 (−$9.5M, −29%)
Net income, FY2025
−26% of revenue
▲ +1% (Loss) vs FY2024 (−$10.2M, −31%)
Free cash flow, FY2025
−18% of revenue
▼ −3% (Loss) vs FY2024 (−$7.4M, −23%)

How Are They Changing?

Shrinking. Revenue fell 76% in 4 years, from $167.7M in FY2021 to $39.7M in FY2025, about 30% a year.

Revenue over time
Sales of display modules Sales of polarizers Research and Developments Others
$200M$100M$0

Who Do They Compete With?

Competes with Skyworth Group, Keystone, and Lengda

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