RichWave Technology (TWSE:4968) Third Quarter 2024 Results
Key Financial Results
- Revenue: NT$908.8m (up 23% from 3Q 2023).
- Net loss: NT$17.5m (loss narrowed by 61% from 3Q 2023).
- NT$0.19 loss per share (improved from NT$0.50 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RichWave Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 27% 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 shares are down 5.4% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for RichWave Technology that you need to be mindful of.
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About TWSE:4968
RichWave Technology
Designs, develops, and sells radio frequency (RF) integrated circuits in Taiwan, China, Korea, and internationally.
Exceptional growth potential with excellent balance sheet.
