Andes Technology Third Quarter 2024 Earnings: Beats Expectations

Andes Technology (TWSE:6533) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$428.6m (up 73% from 3Q 2023).
• Net loss: NT$1.79m (down by 102% from NT$104.1m profit in 3Q 2023).
• NT$0.04 loss per share (down from NT$2.05 profit in 3Q 2023).

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

Andes Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 77%.

Looking ahead, revenue is forecast to grow 25% 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 12% 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 Andes Technology's balance sheet.

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