New Risk • Mar 17
New major risk - Revenue and earnings growth Earnings have declined by 5.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Mar 13
Brogent Technologies Inc., Annual General Meeting, Jun 09, 2026 Brogent Technologies Inc., Annual General Meeting, Jun 09, 2026. Location: building. a no,9, fu hsing 4th rd., cianjhen district, kaohsiung city Taiwan New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: NT$1.06 (up from NT$0.43 in 3Q 2024). Revenue: NT$349.3m (down 13% from 3Q 2024). Net income: NT$71.9m (up 148% from 3Q 2024). Profit margin: 21% (up from 7.2% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 104%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 5.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Board Change • Aug 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Chih-Poung Liou was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: NT$3.36 loss per share (further deteriorated from NT$0.36 loss in 2Q 2024). Revenue: NT$308.3m (up 20% from 2Q 2024). Net loss: NT$231.8m (loss widened NT$208.4m from 2Q 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 30
Upcoming dividend of NT$0.94 per share Eligible shareholders must have bought the stock before 06 August 2025. Payment date: 02 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%). Major Estimate Revision • May 21
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$1.74b to NT$1.36b. Forecast loss of -NT$2.27, down from profit of NT$3.02 per share profit previously. Software industry in Taiwan expected to see average net income growth of 36% next year. Consensus price target down from NT$188 to NT$113. Share price was steady at NT$108 over the past week. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: NT$0.63 loss per share (down from NT$0.12 profit in 1Q 2024). Revenue: NT$258.9m (up 16% from 1Q 2024). Net loss: NT$44.8m (down NT$52.4m from profit in 1Q 2024). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 06
Brogent Technologies Inc. to Report Q1, 2025 Results on May 13, 2025 Brogent Technologies Inc. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on May 13, 2025 Reported Earnings • Mar 20
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: NT$1.10 (up from NT$2.79 loss in FY 2023). Revenue: NT$1.39b (up 61% from FY 2023). Net income: NT$73.4m (up NT$253.2m from FY 2023). Profit margin: 5.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Software industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Brogent Technologies Inc., Annual General Meeting, Jun 10, 2025 Brogent Technologies Inc., Annual General Meeting, Jun 10, 2025. Location: building. a no,9, fu hsing 4th rd., cianjhen district, kaohsiung city Taiwan Announcement • Mar 04
Brogent Technologies Inc. to Report Fiscal Year 2024 Results on Mar 11, 2025 Brogent Technologies Inc. announced that they will report fiscal year 2024 results on Mar 11, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Announcement • Nov 02
Brogent Technologies Inc. to Report Q3, 2024 Results on Nov 11, 2024 Brogent Technologies Inc. announced that they will report Q3, 2024 results on Nov 11, 2024 New Risk • Sep 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 66% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Upcoming Dividend • Sep 05
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 09 October 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.36 loss per share (vs NT$1.53 loss in 2Q 2023) Second quarter 2024 results: NT$0.36 loss per share (improved from NT$1.53 loss in 2Q 2023). Revenue: NT$257.7m (up 32% from 2Q 2023). Net loss: NT$23.4m (loss narrowed 76% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Aug 06
Brogent Technologies Inc. to Report Q2, 2024 Results on Aug 13, 2024 Brogent Technologies Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Buy Or Sell Opportunity • Jun 03
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to NT$134. The fair value is estimated to be NT$106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.15 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.12 (up from NT$0.15 loss in 1Q 2023). Revenue: NT$223.7m (up 23% from 1Q 2023). Net income: NT$7.58m (up NT$17.3m from 1Q 2023). Profit margin: 3.4% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 08
Brogent Technologies Inc. to Report Q1, 2024 Results on May 14, 2024 Brogent Technologies Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 14, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: NT$2.79 loss per share (vs NT$0.99 loss in FY 2022) Full year 2023 results: NT$2.79 loss per share (further deteriorated from NT$0.99 loss in FY 2022). Revenue: NT$862.7m (up 7.3% from FY 2022). Net loss: NT$179.8m (loss widened 196% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
Brogent Technologies Inc., Annual General Meeting, May 27, 2024 Brogent Technologies Inc., Annual General Meeting, May 27, 2024. Location: No. 9, Fuxing 4th Road, Qianzhen District Kaohsiung City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Review Report; to consider to report the status of 2023 cash distribution of additional paid-in capital; to consider to report the issuance status of convertible corporate bonds; and to transact such other business matters. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$0.001 (vs NT$1.47 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.001 (down from NT$1.47 in 3Q 2022). Revenue: NT$230.8m (up 16% from 3Q 2022). Net income: NT$65.0k (down 100% from 3Q 2022). Profit margin: 0% (down from 45% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$1.53 loss per share (vs NT$0.70 loss in 2Q 2022) Second quarter 2023 results: NT$1.53 loss per share (further deteriorated from NT$0.70 loss in 2Q 2022). Revenue: NT$195.0m (down 11% from 2Q 2022). Net loss: NT$98.9m (loss widened 132% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 03
Upcoming dividend of NT$1.45 per share at 1.2% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 04 August 2023. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (2.4%). Reported Earnings • Mar 24
Full year 2022 earnings released: NT$0.99 loss per share (vs NT$2.31 loss in FY 2021) Full year 2022 results: NT$0.99 loss per share (improved from NT$2.31 loss in FY 2021). Revenue: NT$803.8m (up 2.0% from FY 2021). Net loss: NT$60.7m (loss narrowed 54% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Board Change • Nov 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lewis Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.47 (vs NT$0.57 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$1.47 (up from NT$0.57 loss in 3Q 2021). Revenue: NT$198.9m (down 14% from 3Q 2021). Net income: NT$89.8m (up NT$122.6m from 3Q 2021). Profit margin: 45% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.70 loss per share (vs NT$0.57 loss in 2Q 2021) Second quarter 2022 results: NT$0.70 loss per share (down from NT$0.57 loss in 2Q 2021). Revenue: NT$219.8m (up 20% from 2Q 2021). Net loss: NT$42.6m (loss widened 31% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
First quarter 2022 earnings released: NT$0.20 loss per share (vs NT$0.55 loss in 1Q 2021) First quarter 2022 results: NT$0.20 loss per share (up from NT$0.55 loss in 1Q 2021). Revenue: NT$158.7m (down 19% from 1Q 2021). Net loss: NT$12.3m (loss narrowed 60% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lewis Lee was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: NT$2.31 loss per share (down from NT$0.88 loss in FY 2020). Revenue: NT$787.7m (down 26% from FY 2020). Net loss: NT$132.0m (loss widened 168% from FY 2020). Revenue missed analyst estimates by 46%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2021 earnings released: NT$0.57 loss per share (vs NT$0.24 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$230.4m (up 2.4% from 3Q 2020). Net loss: NT$32.7m (loss widened 146% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.57 loss per share (vs NT$0.36 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: NT$183.9m (down 19% from 2Q 2020). Net loss: NT$32.4m (loss widened 59% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2021 earnings released: NT$0.55 loss per share (vs NT$0.011 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$195.6m (down 46% from 1Q 2020). Net loss: NT$30.8m (down NT$31.4m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 12
Full year 2020 earnings released: NT$0.88 loss per share (vs NT$6.58 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$1.06b (down 49% from FY 2019). Net loss: NT$49.2m (down 113% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue misses expectations Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 78%, compared to a 32% growth forecast for the Software industry in Taiwan. Announcement • Mar 11
Brogent Technologies Inc., Annual General Meeting, May 28, 2021 Brogent Technologies Inc., Annual General Meeting, May 28, 2021. Is New 90 Day High Low • Mar 09
New 90-day high: NT$119 The company is up 7.0% from its price of NT$112 on 09 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$94.63 per share. Is New 90 Day High Low • Feb 02
New 90-day low: NT$99.80 The company is down 1.0% from its price of NT$101 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$92.55 per share. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue misses expectations Revenue missed analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 20%, compared to a 35% growth forecast for the Software industry in Taiwan. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.24 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$225.0m (down 60% from 3Q 2019). Net loss: NT$13.3m (down 112% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 10
New 90-day high: NT$112 The company is up 4.0% from its price of NT$108 on 12 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$77.46 per share. Is New 90 Day High Low • Oct 05
New 90-day low: NT$98.90 The company is down 9.0% from its price of NT$109 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 10.0% over the same period.