Piesat Information Technology Full Year 2024 Earnings: Misses Expectations

Piesat Information Technology (SHSE:688066) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.59b (down 13% from FY 2023).
• Net loss: CN¥1.43b (loss widened by 283% from FY 2023).
• CN¥5.48 loss per share (further deteriorated from CN¥1.63 loss in FY 2023).

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

Piesat Information Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 33%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 13% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Piesat Information Technology that you should be aware of before investing here.

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