Reported Earnings • Mar 17
Full year 2025 earnings released: NT$0.84 loss per share (vs NT$1.01 loss in FY 2024) Full year 2025 results: NT$0.84 loss per share (improved from NT$1.01 loss in FY 2024). Revenue: NT$58.4m (up 34% from FY 2024). Net loss: NT$16.8m (loss narrowed 17% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 13
PNC International Inc., Annual General Meeting, Jun 16, 2026 PNC International Inc., Annual General Meeting, Jun 16, 2026. Location: b1 floor no,56 ln.316, jui kuang rd., neihu district, taipei city Taiwan New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-NT$68m). Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (NT$50m revenue, or US$1.6m). Market cap is less than US$100m (NT$426.0m market cap, or US$13.7m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.22 loss in 3Q 2024) Third quarter 2025 results: NT$0.06 loss per share (improved from NT$0.22 loss in 3Q 2024). Revenue: NT$16.9m (up NT$15.2m from 3Q 2024). Net loss: NT$1.20m (loss narrowed 73% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.83 loss per share (vs NT$0.28 loss in 2Q 2024) Second quarter 2025 results: NT$0.83 loss per share (further deteriorated from NT$0.28 loss in 2Q 2024). Revenue: NT$12.1m (up 269% from 2Q 2024). Net loss: NT$16.7m (loss widened 195% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.088 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.08 (up from NT$0.088 loss in 1Q 2024). Revenue: NT$14.4m (down 55% from 1Q 2024). Net income: NT$1.55m (up NT$3.32m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Revenue is less than US$5m (NT$44m revenue, or US$1.3m). Market cap is less than US$100m (NT$545.0m market cap, or US$16.5m). Reported Earnings • Mar 18
Full year 2024 earnings released: NT$1.01 loss per share (vs NT$1.17 profit in FY 2023) Full year 2024 results: NT$1.01 loss per share (down from NT$1.17 profit in FY 2023). Revenue: NT$43.6m (down 75% from FY 2023). Net loss: NT$20.2m (down 186% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 14
Phonic Corporation, Annual General Meeting, Jun 16, 2025 Phonic Corporation, Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,56 ln.316, jui kuang rd., neihu district, taipei city Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.58 profit in 3Q 2023) Third quarter 2024 results: NT$0.22 loss per share (down from NT$0.58 profit in 3Q 2023). Revenue: NT$1.68m (down 97% from 3Q 2023). Net loss: NT$4.45m (down 138% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$0.28 loss per share (vs NT$0.28 profit in 2Q 2023) Second quarter 2024 results: NT$0.28 loss per share (down from NT$0.28 profit in 2Q 2023). Revenue: NT$3.29m (down 92% from 2Q 2023). Net loss: NT$5.65m (down 202% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.09 loss per share (vs NT$0.064 profit in 1Q 2023) First quarter 2024 results: NT$0.09 loss per share (down from NT$0.064 profit in 1Q 2023). Revenue: NT$32.2m (up 6.4% from 1Q 2023). Net loss: NT$1.77m (down 238% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Ankündigung • Mar 20
Phonic Corporation, Annual General Meeting, Jun 21, 2024 Phonic Corporation, Annual General Meeting, Jun 21, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$1.17 (vs NT$0.35 loss in FY 2022) Full year 2023 results: EPS: NT$1.17 (up from NT$0.35 loss in FY 2022). Revenue: NT$170.9m (up 75% from FY 2022). Net income: NT$23.5m (up NT$30.4m from FY 2022). Profit margin: 14% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$39.40, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 17x in the Consumer Durables industry in Taiwan. Total loss to shareholders of 20% over the past three years. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Revenue is less than US$5m (NT$141m revenue, or US$4.4m). Market cap is less than US$100m (NT$737.0m market cap, or US$22.8m). Buying Opportunity • Oct 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be NT$46.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.28 (vs NT$0.33 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.28 (up from NT$0.33 loss in 2Q 2022). Revenue: NT$40.5m (up 167% from 2Q 2022). Net income: NT$5.52m (up NT$12.1m from 2Q 2022). Profit margin: 14% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Jun 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Mei Chiu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Apr 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Mei Chiu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$31.35, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 13x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 52% over the past three years. Board Change • Dec 01
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Mei Chiu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Oct 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Mei Chiu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Aug 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Li-Mei Chiu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 19
First quarter 2022 earnings released: NT$0.04 loss per share (vs NT$0.24 loss in 1Q 2021) First quarter 2022 results: NT$0.04 loss per share (up from NT$0.24 loss in 1Q 2021). Net loss: NT$720.0k (loss narrowed 85% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Board Change • Apr 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Ying-Zhe Lin is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$4.71 (vs NT$1.16 loss in FY 2020) Full year 2021 results: EPS: NT$4.71 (up from NT$1.16 loss in FY 2020). Net income: NT$94.1m (up NT$117.4m from FY 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Board Change • Dec 22
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Ying-Zhe Lin is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Ying-Zhe Lin is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 16
Third quarter 2021 earnings released: NT$0.14 loss per share (vs NT$0.071 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$16.3m (down 17% from 3Q 2020). Net loss: NT$4.18m (loss widened 104% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.06 loss per share (vs NT$0.15 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: NT$15.8m (up 19% from 2Q 2020). Net loss: NT$1.81m (loss narrowed 60% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.17 loss per share (vs NT$0.28 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: NT$5.41m (down 59% from 1Q 2020). Net loss: NT$4.78m (loss narrowed 42% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: NT$0.80 loss per share (vs NT$0.61 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$57.6m (down 48% from FY 2019). Net loss: NT$23.3m (loss widened 32% from FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 21
Phonic Corporation, Annual General Meeting, Jun 07, 2021 Phonic Corporation, Annual General Meeting, Jun 07, 2021. Is New 90 Day High Low • Feb 25
New 90-day high: NT$33.95 The company is up 9.0% from its price of NT$31.25 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.07 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$19.6m (down 31% from 3Q 2019). Net loss: NT$2.05m (down 130% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Oct 14
New 90-day high: NT$28.05 The company is up 2.0% from its price of NT$27.50 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is down 1.0% over the same period. 