Stock Analysis

RichWave Technology First Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St

April 26, 2024

RichWave Technology (TWSE:4968) First Quarter 2024 Results

Key Financial Results

Revenue: NT$860.7m (up 35% from 1Q 2023).
Net income: NT$27.8m (up from NT$88.9m loss in 1Q 2023).
Profit margin: 3.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
EPS: NT$0.31 (up from NT$0.99 loss in 1Q 2023).

earnings-and-revenue-growth — TWSE:4968 Earnings and Revenue Growth April 26th 2024

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

RichWave Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%.

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for RichWave Technology that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.