iFLYTEKLTD Second Quarter 2024 Earnings: Misses Expectations
iFLYTEKLTD (SZSE:002230) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥5.68b (up 15% from 2Q 2023).
- Net loss: CN¥100.2m (down by 176% from CN¥131.5m profit in 2Q 2023).
- CN¥0.043 loss per share (down from CN¥0.049 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
iFLYTEKLTD Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 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 4.6% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for iFLYTEKLTD (1 is potentially serious) you should be aware of.
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About SZSE:002230
iFLYTEKLTD
Engages artificial intelligence (AI) technologies services in China.
Reasonable growth potential with adequate balance sheet.