Catcher Technology Third Quarter 2024 Earnings: Misses Expectations

Catcher Technology (TWSE:2474) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$5.12b (up 18% from 3Q 2023).
• Net income: NT$1.43b (down 68% from 3Q 2023).
• Profit margin: 28%.
• EPS: NT$2.10 (down from NT$6.59 in 3Q 2023).

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

Catcher Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are down 6.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Catcher Technology (1 is a bit concerning!) that we have uncovered.

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