Hangzhou Arcvideo Technology Third Quarter 2024 Earnings: CN¥0.25 loss per share (vs CN¥0.33 loss in 3Q 2023)

Hangzhou Arcvideo Technology (SHSE:688039) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥51.1m (down 52% from 3Q 2023).
• Net loss: CN¥27.7m (loss narrowed by 24% from 3Q 2023).
• CN¥0.25 loss per share (improved from CN¥0.33 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hangzhou Arcvideo Technology Earnings Insights

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 5.0% 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 Hangzhou Arcvideo Technology that you need to be mindful of.

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