Reported Earnings • Apr 25
Full year 2025 earnings released: NT$0.93 loss per share (vs NT$0.89 loss in FY 2024) Full year 2025 results: NT$0.93 loss per share (further deteriorated from NT$0.89 loss in FY 2024). Revenue: NT$141.5m (down 7.6% from FY 2024). Net loss: NT$24.5m (loss widened 4.7% from FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 20
Innovision FlexTech Corporation, Annual General Meeting, Jun 18, 2026 Innovision FlexTech Corporation, Annual General Meeting, Jun 18, 2026. Location: 1 floor no,248-20, hsin sheng rd., cianjhen district, kaohsiung city Taiwan New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$12m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 7.6% per year over the past 5 years. Market cap is less than US$10m (NT$260.6m market cap, or US$8.31m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (NT$116m revenue, or US$3.7m). Board Change • Aug 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Chairman Gary Cheng is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 18
New major risk - Revenue and earnings growth Earnings have declined by 7.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$12m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 7.7% per year over the past 5 years. Market cap is less than US$10m (NT$189.7m market cap, or US$6.32m). Minor Risk Revenue is less than US$5m (NT$116m revenue, or US$3.9m). Reported Earnings • Apr 27
Full year 2024 earnings released: NT$0.85 loss per share (vs NT$3.23 loss in FY 2023) Full year 2024 results: NT$0.85 loss per share (improved from NT$3.23 loss in FY 2023). Revenue: NT$153.0m (down 23% from FY 2023). Net loss: NT$22.4m (loss narrowed 74% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 10
Innovision FlexTech Corporation, Annual General Meeting, Jun 24, 2025 Innovision FlexTech Corporation, Annual General Meeting, Jun 24, 2025, at 10:00 Taipei Standard Time. Location: 1 floor no,248-20, hsin sheng rd., cianjhen district, kaohsiung city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$216.1m market cap, or US$6.56m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Board Change • Jan 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman Gary Cheng is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$231.1m market cap, or US$7.05m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Mar 27
Full year 2023 earnings released: NT$3.23 loss per share (vs NT$0.033 profit in FY 2022) Full year 2023 results: NT$3.23 loss per share (down from NT$0.033 profit in FY 2022). Revenue: NT$198.1m (down 13% from FY 2022). Net loss: NT$85.0m (down NT$85.9m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 21
Innovision FlexTech Corporation, Annual General Meeting, Jun 18, 2024 Innovision FlexTech Corporation, Annual General Meeting, Jun 18, 2024. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (NT$296.5m market cap, or US$9.40m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Jan 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (NT$271.4m market cap, or US$8.64m). New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (NT$264.8m market cap, or US$8.32m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: NT$0.03 (vs NT$0.38 in FY 2021) Full year 2022 results: EPS: NT$0.03 (down from NT$0.38 in FY 2021). Revenue: NT$228.1m (down 10% from FY 2021). Net income: NT$863.0k (down 91% from FY 2021). Profit margin: 0.4% (down from 4.0% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$11.35, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total loss to shareholders of 34% over the past three years. Buying Opportunity • Feb 06
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be NT$12.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Feb 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down NT$491.0k from profit in 1H 2021). Profit margin: (down from 0.5% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 04
First half 2021 earnings released: EPS NT$0.019 (vs NT$1.40 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$108.6m (up 58% from 1H 2020). Net income: NT$491.0k (up NT$37.4m from 1H 2020). Profit margin: 0.5% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 17
Full year 2020 earnings released: NT$1.90 loss per share (vs NT$3.50 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$179.3m (up 19% from FY 2019). Net loss: NT$50.1m (loss narrowed 46% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 16
Innovision FlexTech Corporation, Annual General Meeting, Jun 08, 2021 Innovision FlexTech Corporation, Annual General Meeting, Jun 08, 2021. Is New 90 Day High Low • Mar 12
New 90-day high: NT$14.85 The company is up 12% from its price of NT$13.25 on 11 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: NT$11.05 The company is down 41% from its price of NT$18.80 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: NT$13.30 The company is down 8.0% from its price of NT$14.50 on 27 July 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 4.0% over the same period. 
