AUROS Technology Full Year 2023 Earnings: Beats Expectations

AUROS Technology (KOSDAQ:322310) Full Year 2023 Results

Key Financial Results

• Revenue: ₩45.5b (up 29% from FY 2022).
• Net income: ₩3.38b (up from ₩2.98b loss in FY 2022).
• Profit margin: 7.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: ₩363 (up from ₩321 loss in FY 2022).

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

AUROS Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea.

Performance of the South Korean Semiconductor industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Be aware that AUROS Technology is showing 1 warning sign in our investment analysis that you should know about...

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