QuantumCTek Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

QuantumCTek (SHSE:688027) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥253.4m (up 62% from FY 2023).
• Net loss: CN¥31.8m (loss narrowed by 74% from FY 2023).
• CN¥0.40 loss per share (improved from CN¥1.54 loss in FY 2023).

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

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

QuantumCTek Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with QuantumCTek.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.