Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.14 (vs NT$0.003 in 1Q 2025) First quarter 2026 results: EPS: NT$0.14 (up from NT$0.003 in 1Q 2025). Revenue: NT$1.01b (up 12% from 1Q 2025). Net income: NT$20.0m (up NT$19.6m from 1Q 2025). Profit margin: 2.0% (up from 0.1% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Apr 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.97b market cap, or US$61.5m). Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.23 loss per share (vs NT$0.43 loss in FY 2024) Full year 2025 results: NT$0.23 loss per share (improved from NT$0.43 loss in FY 2024). Revenue: NT$3.49b (down 12% from FY 2024). Net loss: NT$32.6m (loss narrowed 45% from FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 13
Space Shuttle Hi-Tech Co., Ltd., Annual General Meeting, Jun 26, 2026 Space Shuttle Hi-Tech Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: 9-2 floor no,23, huan k`o 1st rd., jhubei city, hsinchu county Taiwan New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 69% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.13b market cap, or US$67.8m). New Risk • Dec 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.72b market cap, or US$54.7m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.052 loss in 3Q 2024) Third quarter 2025 results: NT$0.06 loss per share (further deteriorated from NT$0.052 loss in 3Q 2024). Revenue: NT$825.5m (down 15% from 3Q 2024). Net loss: NT$7.68m (loss widened 6.5% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Aug 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.83b market cap, or US$59.8m). Reported Earnings • Aug 14
Second quarter 2025 earnings released: NT$0.21 loss per share (vs NT$0.024 loss in 2Q 2024) Second quarter 2025 results: NT$0.21 loss per share (further deteriorated from NT$0.024 loss in 2Q 2024). Revenue: NT$860.5m (down 22% from 2Q 2024). Net loss: NT$28.8m (loss widened NT$25.5m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 38% 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. New Risk • May 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (NT$2.00b market cap, or US$66.0m). Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: NT$902.8m (up 14% from 1Q 2024). Net income: NT$459.0k (up NT$5.84m from 1Q 2024). Profit margin: 0.1% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • May 01
Space Shuttle Hi-Tech Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Space Shuttle Hi-Tech Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.82b market cap, or US$55.1m). Reported Earnings • Mar 19
Full year 2024 earnings released: NT$0.43 loss per share (vs NT$0.99 loss in FY 2023) Full year 2024 results: NT$0.43 loss per share (improved from NT$0.99 loss in FY 2023). Revenue: NT$3.98b (up 35% from FY 2023). Net loss: NT$59.5m (loss narrowed 57% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Space Shuttle Hi-Tech Co., Ltd., Annual General Meeting, Jun 26, 2025 Space Shuttle Hi-Tech Co., Ltd., Annual General Meeting, Jun 26, 2025, at 09:00 Taipei Standard Time. Location: 9-2 floor no,23, huan k`o 1st rd., jhubei city, hsinchu county Taiwan Announcement • Mar 04
Space Shuttle Hi-Tech Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Space Shuttle Hi-Tech Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.12 loss in 3Q 2023) Third quarter 2024 results: NT$0.05 loss per share (improved from NT$0.12 loss in 3Q 2023). Revenue: NT$969.0m (up 21% from 3Q 2023). Net loss: NT$7.22m (loss narrowed 56% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Nov 02
Space Shuttle Hi-Tech Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Space Shuttle Hi-Tech Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 New Risk • Aug 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.15b market cap, or US$67.2m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.33 loss in 2Q 2023) Second quarter 2024 results: NT$0.02 loss per share (improved from NT$0.33 loss in 2Q 2023). Revenue: NT$1.11b (up 59% from 2Q 2023). Net loss: NT$3.29m (loss narrowed 93% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Aug 03
Space Shuttle Hi-Tech Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Space Shuttle Hi-Tech Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.04 loss per share (vs NT$0.16 loss in 1Q 2023) First quarter 2024 results: NT$0.04 loss per share (improved from NT$0.16 loss in 1Q 2023). Revenue: NT$789.7m (up 25% from 1Q 2023). Net loss: NT$5.38m (loss narrowed 76% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Announcement • May 05
Space Shuttle Hi-Tech Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Space Shuttle Hi-Tech Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.99 loss per share (vs NT$0.17 loss in FY 2022) Full year 2023 results: NT$0.99 loss per share (further deteriorated from NT$0.17 loss in FY 2022). Revenue: NT$2.96b (down 5.7% from FY 2022). Net loss: NT$137.5m (loss widened 488% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Space Shuttle Hi-Tech Co., Ltd., Annual General Meeting, Jun 26, 2024 Space Shuttle Hi-Tech Co., Ltd., Annual General Meeting, Jun 26, 2024. Location: 9nd Floor-2, No. 23, Huanke 1st Road, Zhubei City, Hsinchu Country, Taiwan Hsinchu County Taiwan Agenda: To discuss The Company's 2023 Business Report; to discuss The Audit Committee's Review Report of the 2023 Financial Statements; and to discuss other matters. Buying Opportunity • Sep 04
Now 22% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be NT$19.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.90b market cap, or US$59.8m). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$0.03 (vs NT$0.16 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.03 (down from NT$0.16 in 3Q 2021). Revenue: NT$688.9m (down 28% from 3Q 2021). Net income: NT$4.78m (down 79% from 3Q 2021). Profit margin: 0.7% (down from 2.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.20 loss per share (vs NT$0.27 profit in 2Q 2021) Second quarter 2022 results: NT$0.20 loss per share (down from NT$0.27 profit in 2Q 2021). Revenue: NT$914.6m (down 25% from 2Q 2021). Net loss: NT$27.8m (down 174% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 22% share price gain to NT$12.95, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 56% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 16% share price gain to NT$19.30, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 16% share price gain to NT$18.75, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 135% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.48 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$956.8m (up 15% from 3Q 2020). Net income: NT$22.3m (down 67% from 3Q 2020). Profit margin: 2.3% (down from 8.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 20% share price gain to NT$14.70, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 107% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.96 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.23b (up 84% from 2Q 2020). Net income: NT$37.5m (down 72% from 2Q 2020). Profit margin: 3.1% (down from 20% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 19% share price gain to NT$21.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 96% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.31 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.02b (up 101% from 1Q 2020). Net income: NT$23.7m (up NT$66.7m from 1Q 2020). Profit margin: 2.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 22% share price gain to NT$27.20, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 19% share price gain to NT$18.35, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 47% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$1.58 (vs NT$0.27 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.99b (up 8.1% from FY 2019). Net income: NT$219.8m (up NT$256.6m from FY 2019). Profit margin: 7.3% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to NT$15.40, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 18% over the past three years. Is New 90 Day High Low • Dec 16
New 90-day high: NT$14.35 The company is up 10.0% from its price of NT$13.00 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 4.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.48 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$829.0m (up 17% from 3Q 2019). Net income: NT$67.1m (up NT$88.9m from 3Q 2019). Profit margin: 8.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. 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 5% per year, which means it is well ahead of earnings.