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Rayence announced Q3 preliminary Results

20221108

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Rayence, a comapy specialized in digiral X-ray Imaging solutions, announced its 2022 Q3 fiscal results on the 8th of November. 

Revenue and operating profits increased by 18.4% YoY of 391.4bn won and 27% YoY of 79.1bn won respectively. Both reported their highest level of all periods. 

The growth of sales was highly affected by increased sales of dental and industrial detectors. Along with an increased supply to the secondary battery industry, the sales of industrial detectors increased 116.1% YoY and dental detectors accounted for the largest portion with an increase of 18% YoY.  

Rayance announced its strategy to strengthen its industrial detector business in the future. The company aims on substantial growth by simultaneously improving profitability through cost-innovation. 

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