Flexium Interconnect Third Quarter 2024 Earnings: Misses Expectations

Flexium Interconnect (TWSE:6269) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.42b (down 20% from 3Q 2023).
• Net loss: NT$333.1m (down by 143% from NT$775.4m profit in 3Q 2023).
• NT$1.03 loss per share (down from NT$2.42 profit in 3Q 2023).

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

Flexium Interconnect Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Flexium Interconnect.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.