New Risk • Jun 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m (NT$2.6m revenue, or US$81k). Minor Risk Market cap is less than US$100m (NT$2.00b market cap, or US$62.9m). Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.07 loss per share (vs NT$0.13 loss in 1Q 2025) First quarter 2026 results: NT$0.07 loss per share (improved from NT$0.13 loss in 1Q 2025). Net loss: NT$4.94m (loss narrowed 24% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.40 loss per share (vs NT$0.41 loss in FY 2024) Full year 2025 results: NT$0.40 loss per share. Net loss: NT$24.6m (loss widened 49% from FY 2024). Announcement • Mar 06
Soaring Technology Co., Ltd., Annual General Meeting, Jun 02, 2026 Soaring Technology Co., Ltd., Annual General Meeting, Jun 02, 2026. Location: 1 floor no,389, sec.1 wen hua 3rd rd., linkou district, new taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.23 loss in 3Q 2024) Third quarter 2025 results: NT$0.11 loss per share (improved from NT$0.23 loss in 3Q 2024). Net loss: NT$7.51m (loss narrowed 20% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.044 loss in 2Q 2024) Second quarter 2025 results: NT$0.07 loss per share (further deteriorated from NT$0.044 loss in 2Q 2024). Net loss: NT$4.07m (loss widened 125% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • May 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m (NT$2.9m revenue, or US$96k). Minor Risk Market cap is less than US$100m (NT$1.43b market cap, or US$47.8m). Reported Earnings • May 10
First quarter 2025 earnings released: NT$0.13 loss per share (vs NT$0.032 loss in 1Q 2024) First quarter 2025 results: NT$0.13 loss per share (further deteriorated from NT$0.032 loss in 1Q 2024). Net loss: NT$6.52m (loss widened 410% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Apr 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m (NT$2.8m revenue, or US$85k). Minor Risk Market cap is less than US$100m (NT$1.41b market cap, or US$43.3m). Reported Earnings • Mar 20
Full year 2024 earnings released: NT$0.41 loss per share (vs NT$0.50 loss in FY 2023) Full year 2024 results: NT$0.41 loss per share (improved from NT$0.50 loss in FY 2023). Net loss: NT$16.5m (loss narrowed 19% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Mar 17
Soaring Technology Co.,Ltd., Annual General Meeting, Jun 13, 2025 Soaring Technology Co.,Ltd., Annual General Meeting, Jun 13, 2025. Location: 1 floor no,389, sec.1 wen hua 3rd rd., linkou district, new taipei city Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.23 loss per share (vs NT$0.036 loss in 3Q 2023) Third quarter 2024 results: NT$0.23 loss per share (further deteriorated from NT$0.036 loss in 3Q 2023). Net loss: NT$9.37m (loss widened NT$7.92m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$0.04 loss per share (vs NT$0.071 loss in 2Q 2023) Second quarter 2024 results: NT$0.04 loss per share (improved from NT$0.071 loss in 2Q 2023). Net loss: NT$1.81m (loss narrowed 38% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.03 loss per share (vs NT$0.084 loss in 1Q 2023) First quarter 2024 results: NT$0.03 loss per share (improved from NT$0.084 loss in 1Q 2023). Net loss: NT$1.28m (loss narrowed 63% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Mar 21
Soaring Technology Co.,Ltd., Annual General Meeting, Jun 11, 2024 Soaring Technology Co.,Ltd., Annual General Meeting, Jun 11, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.50 loss per share (vs NT$0.37 profit in FY 2022) Full year 2023 results: NT$0.50 loss per share (down from NT$0.37 profit in FY 2022). Net loss: NT$20.4m (down 237% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.04 loss per share (vs NT$0.65 profit in 3Q 2022) Third quarter 2023 results: NT$0.04 loss per share (down from NT$0.65 profit in 3Q 2022). Net loss: NT$1.45m (down 106% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$28.65, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 110% over the past three years. Reported Earnings • Aug 19
Second quarter 2023 earnings released: NT$0.07 loss per share (vs NT$0.081 loss in 2Q 2022) Second quarter 2023 results: NT$0.07 loss per share (improved from NT$0.081 loss in 2Q 2022). Net loss: NT$2.90m (loss narrowed 11% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to NT$27.30, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$18.25, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.08 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.65 (up from NT$0.08 loss in 3Q 2021). Revenue: NT$1.49m (down 85% from 3Q 2021). Net income: NT$26.3m (up NT$29.6m from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2022 earnings released: NT$0.09 loss per share (vs NT$0.039 profit in 1Q 2021) First quarter 2022 results: NT$0.09 loss per share (down from NT$0.039 profit in 1Q 2021). Revenue: NT$4.26m (down 96% from 1Q 2021). Net loss: NT$3.72m (down 333% from profit in 1Q 2021). Announcement • Apr 07
Soaring Technology Co.,Ltd., Annual General Meeting, Jun 30, 2022 Soaring Technology Co.,Ltd., Annual General Meeting, Jun 30, 2022. Reported Earnings • Apr 04
Full year 2021 earnings released: NT$0.38 loss per share (vs NT$0.18 profit in FY 2020) Full year 2021 results: NT$0.38 loss per share (down from NT$0.18 profit in FY 2020). Revenue: NT$265.0m (down 50% from FY 2020). Net loss: NT$15.4m (down 326% from profit in FY 2020). Reported Earnings • Nov 17
Third quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.092 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$10.2m (down 93% from 3Q 2020). Net loss: NT$3.25m (down 192% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.004 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$144.5m (down 6.5% from 2Q 2020). Net income: NT$3.48m (up NT$3.33m from 2Q 2020). Profit margin: 2.4% (up from 0.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.068 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$105.3m (up 11% from 1Q 2020). Net income: NT$1.60m (down 33% from 1Q 2020). Profit margin: 1.5% (down from 2.5% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.18 (vs NT$0.43 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$531.1m (down 7.1% from FY 2019). Net income: NT$6.81m (down 54% from FY 2019). Profit margin: 1.3% (down from 2.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 16
New 90-day high: NT$15.50 The company is up 3.0% from a price of NT$15.00 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Lagged the Tech industry, which is up 13% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.09 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$146.9m (up 1.0% from 3Q 2019). Net income: NT$3.53m (down 23% from 3Q 2019). Profit margin: 2.4% (down from 3.2% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.