Angelalign Technology Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Angelalign Technology (HKG:6699) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.48b (up 16% from FY 2022).
• Net income: CN¥53.5m (down 75% from FY 2022).
• Profit margin: 3.6% (down from 17% in FY 2022).
• EPS: CN¥0.32 (down from CN¥1.28 in FY 2022).

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

Angelalign Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥1.33b (90% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥493.2m (53% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥68.2m. Explore how 6699's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Medical Equipment industry in Hong Kong.

Performance of the Hong Kong Medical Equipment industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Angelalign Technology.

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