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Zbit Semiconductor Second Quarter 2024 Earnings: CN¥0.50 loss per share (vs CN¥0.35 loss in 2Q 2023)
Zbit Semiconductor (SHSE:688416) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥96.9m (up 22% from 2Q 2023).
- Net loss: CN¥41.3m (loss widened by 39% from 2Q 2023).
- CN¥0.50 loss per share (further deteriorated from CN¥0.35 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zbit Semiconductor Earnings Insights
Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company's shares are down 8.8% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Zbit Semiconductor that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Zbit Semiconductor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SHSE:688416
Zbit Semiconductor
An integrated circuit design company, engages in the research and development, design, and sale of memory chips and MCU chips in China.
Flawless balance sheet with high growth potential.