FittechLtd Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FittechLtd (TWSE:6706) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$213.0m (down 22% from 3Q 2023).
• Net loss: NT$100.2m (loss widened by NT$92.3m from 3Q 2023).
• NT$1.36 loss per share (further deteriorated from NT$0.11 loss in 3Q 2023).

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

FittechLtd Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 116%.

Looking ahead, revenue is forecast to grow 108% p.a. on average during the next 2 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.

Risk Analysis

Be aware that FittechLtd is showing 1 warning sign in our investment analysis that you should know about...

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