Taiwanese fitness equipment maker Dyaco has swung back to profit and is now betting on drones for growth — good news for shareholders after a painful restructuring.

• Dyaco is on track for a full-year profit as both gym and home fitness equipment sales pick up.
• A cost-cutting plan shrank the group from 1,300 staff to 900, merged overseas units, and sold off an idle factory.
• Commercial sales are growing fast after winning big North American gym chains including Anytime Fitness, Orangetheory and Snap Fitness, plus hotel chains like IHG.
• A new rehab-medical product line cleared European regulatory approval and has almost hit its full-year sales target by July.
• The new drone business, run through US subsidiary Santi Innovation, aims to ship sample orders by year-end and 1,000 units next year, helped by a tie-up with American maker Angel Aerial Systems.

Outlook: Watch for the first drone sample deliveries around the turn of the year — that is the test of whether the new growth story is real.