Arizon RFID Technology (Cayman) Third Quarter 2024 Earnings: In Line With Expectations

Arizon RFID Technology (Cayman) (TWSE:6863) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.15b (up 76% from 3Q 2023).
• Net income: NT$171.1m (up 97% from 3Q 2023).
• Profit margin: 15% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$2.29 (up from NT$1.17 in 3Q 2023).

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

Arizon RFID Technology (Cayman) Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan.

Performance of the Taiwanese Communications industry.

The company's shares are down 12% from a week ago.

Risk Analysis

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

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