Taiwanese rugged computer maker Arcadyan Technology is shifting its focus toward drone and satellite communications businesses. Revenue has declined in the short term, but the longer-term story is viewed positively by investors.

• August revenue fell 45% year-on-year, mainly due to shortages of key components that pushed shipments back.
• Cumulative revenue for the first eight months of this year fell 18% year-on-year, but the satellite applications business bucked the trend, growing 45% year-on-year in August.
• Satellite-related revenue rose to 10% of the total, coming mainly from shipments for government tenders.
• Asia is currently the standout region, with revenue up 41% year-on-year in the first eight months.
• The US subsidiary acquired earlier continues to be integrated, and its revenue is still growing, making it a source of future momentum.

Outlook: Once component supply recovers, the deferred shipments are expected to be made up in the second half of the year, and satellite and unmanned systems orders will determine the pace of growth next year.