Sunrex Technology Corporation posted a 4.4% decline in first-quarter profit as tariff uncertainties dampened customer demand, with its April revenue plunging to the lowest monthly level in five years.
The Taiwanese keyboard manufacturer reported a net income of NT$218 million ($6.8 million) for the January-March period, with earnings per share of NT$1.13. Quarterly revenue fell 6.3% to NT$4.7 billion ($146.9 million), while operating profit decreased 8.7% to NT$242 million ($7.6 million).
April revenue slumped 27.5% year-on-year to NT$1.47 billion ($45.9 million), marking a five-year low for monthly sales.
While Sunrex doesn’t ship products directly to the U.S. market – instead supplying ODM customers with manufacturing facilities in China and Southeast Asia – the company noted that downstream clients are hesitant to place orders until tariff policies become clearer.
The keyboard maker indicated that American customers are particularly cautious, leading to weak order pull. The broader supply chain is awaiting tariff certainty before making definitive moves, according to company statements.
Despite the revenue decline, Sunrex managed to slightly improve its gross margin to 14.2% in the first quarter.
