LCY Technology Third Quarter 2024 Earnings: NT$0.92 loss per share (vs NT$0.14 loss in 3Q 2023)

LCY Technology (TWSE:4989) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$712.0m (down 21% from 3Q 2023).
• Net loss: NT$126.4m (loss widened by NT$107.6m from 3Q 2023).
• NT$0.92 loss per share (further deteriorated from NT$0.14 loss in 3Q 2023).

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

LCY Technology Earnings Insights

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Taiwan.

Performance of the Taiwanese Metals and Mining industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for LCY Technology (1 is a bit concerning!) that you need to take into consideration.

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