Flytech Technology Third Quarter 2024 Earnings: Misses Expectations

Flytech Technology (TWSE:6206) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.10b (up 37% from 3Q 2023).
• Net income: NT$189.8m (up 50% from 3Q 2023).
• Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.33 (up from NT$0.89 in 3Q 2023).

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

Flytech Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 28%.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Flytech Technology (1 shouldn't be ignored!) that you need to take into consideration.

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