Memory module maker Team Group will list on Taiwan's emerging stock market on October 13, and the company has plans to apply for over the counter trading in 2011. Team's contract manufacturing and own-brand offerings each represent roughly 50% of revenues, with the company increasingly focusing on own-brand operations.
Team turned in NT$2.556 billion (US$82.46 million) in first-half 2010 consolidated revenues and 5.5% and 3.5% in average gross margin and operating margin, respectively. Revenues from January through August totaled NT$3.807 billion and pre-tax profit came to NT$107 million, or NT$2.08 per share, on a 4.67% average gross margin.
Similar to Kingston and Patriot, Team was founded in the US in 1988 but its operation is mainly based in Taiwan. The company began as a DRAM contract manufacturer but has since made inroads to producing USB flash drives, memory cards and SSDs under its own brand. To raise profit margins and lower risks from price fluctuations, Team has entered the industrial-use memory segment, which has higher technological barriers and requires more customization.
In 2009, 25.53% of the company's revenues came from Taiwan, and 19.64% from Asia-Pacific markets. China, the Middle East and Europe accounted for 14.86%, 13.56% and 12.03%, respectively.