Silicom Second Quarter 2024 Earnings: US$0.25 loss per share (vs US$0.56 profit in 2Q 2023)

Silicom (NASDAQ:SILC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$14.5m (down 62% from 2Q 2023).
• Net loss: US$1.52m (down by 140% from US$3.81m profit in 2Q 2023).
• US$0.25 loss per share (down from US$0.56 profit in 2Q 2023).

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

Silicom Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are down 18% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Silicom (including 1 which is significant).

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