FocalTech Systems Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FocalTech Systems (TWSE:3545) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$3.81b (up 6.0% from 3Q 2023).
• Net income: NT$168.1m (up 32% from 3Q 2023).
• Profit margin: 4.4% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$0.79 (up from NT$0.61 in 3Q 2023).

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

FocalTech Systems Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on FocalTech Systems' balance sheet.

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