New Risk • Jun 05
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 9.3% 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$279.5m market cap, or US$8.88m). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$5m (NT$96m revenue, or US$3.0m). Reported Earnings • May 14
First quarter 2026 earnings released First quarter 2026 results: Revenue: NT$21.5m (down 34% from 1Q 2025). Net loss: NT$12.7m (loss widened 98% from 1Q 2025). Duyuru • Mar 13
Gish International Co., Ltd, Annual General Meeting, Jun 17, 2026 Gish International Co., Ltd, Annual General Meeting, Jun 17, 2026. Location: no,9, wu kung 6th rd., wugu district, new taipei city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: NT$0.59 loss per share (vs NT$0.70 loss in FY 2024) Full year 2025 results: NT$0.59 loss per share (improved from NT$0.70 loss in FY 2024). Revenue: NT$107.0m (down 2.2% from FY 2024). Net loss: NT$12.1m (loss narrowed 17% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Feb 24
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. New Risk • Nov 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$28m free cash flow). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$10m (NT$296.0m market cap, or US$9.44m). Minor Risk Revenue is less than US$5m (NT$111m revenue, or US$3.5m). Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.82 (vs NT$0.22 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.82 (up from NT$0.22 loss in 3Q 2024). Revenue: NT$26.2m (down 13% from 3Q 2024). Net income: NT$16.9m (up NT$21.4m from 3Q 2024). Profit margin: 65% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. New Risk • Oct 08
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 7.1% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-NT$35m free cash flow). Market cap is less than US$10m (NT$302.2m market cap, or US$9.88m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Revenue is less than US$5m (NT$115m revenue, or US$3.8m). New Risk • Sep 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$35m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$35m free cash flow). Market cap is less than US$10m (NT$260.8m market cap, or US$8.64m). Minor Risk Revenue is less than US$5m (NT$115m revenue, or US$3.8m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.49 loss per share (vs NT$0.016 profit in 2Q 2024) Second quarter 2025 results: NT$0.49 loss per share (down from NT$0.016 profit in 2Q 2024). Revenue: NT$24.2m (down 12% from 2Q 2024). Net loss: NT$10.1m (down NT$10.4m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jul 08
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 8.0% 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$270.1m market cap, or US$9.29m). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (NT$118m revenue, or US$4.1m). Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.31 loss per share (vs NT$0.015 profit in 1Q 2024) First quarter 2025 results: NT$0.31 loss per share (down from NT$0.015 profit in 1Q 2024). Revenue: NT$32.6m (up 39% from 1Q 2024). Net loss: NT$6.45m (down NT$6.77m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Mar 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$331.2m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$331.2m market cap, or US$9.98m). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Revenue is less than US$5m (NT$109m revenue, or US$3.3m). Reported Earnings • Mar 20
Full year 2024 earnings released: NT$0.71 loss per share (vs NT$0.77 loss in FY 2023) Full year 2024 results: NT$0.71 loss per share (improved from NT$0.77 loss in FY 2023). Revenue: NT$109.4m (up 5.2% from FY 2023). Net loss: NT$14.6m (loss narrowed 2.6% from FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Mar 13
Gish International Co., Ltd, Annual General Meeting, Jun 11, 2025 Gish International Co., Ltd, Annual General Meeting, Jun 11, 2025. Location: 4 floor no,9, wu kung 6th rd., wugu district, new taipei city Taiwan New Risk • Mar 03
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 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Revenue is less than US$5m (NT$106m revenue, or US$3.2m). Market cap is less than US$100m (NT$346.7m market cap, or US$10.5m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.22 loss per share (vs NT$0.30 loss in 3Q 2023) Third quarter 2024 results: NT$0.22 loss per share (improved from NT$0.30 loss in 3Q 2023). Revenue: NT$30.0m (up 38% from 3Q 2023). Net loss: NT$4.49m (loss narrowed 29% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Sep 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$31m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NT$31m free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (NT$98m revenue, or US$3.0m). Market cap is less than US$100m (NT$381.9m market cap, or US$11.9m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: NT$27.6m (down 10% from 2Q 2023). Net income: NT$340.0k (down 95% from 2Q 2023). Profit margin: 1.2% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Jun 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$29m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NT$29m free cash flow). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (NT$101m revenue, or US$3.1m). Market cap is less than US$100m (NT$343.6m market cap, or US$10.6m). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.28 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.02 (up from NT$0.28 loss in 1Q 2023). Revenue: NT$23.6m (down 12% from 1Q 2023). Net income: NT$317.0k (up NT$5.20m from 1Q 2023). Profit margin: 1.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Mar 27
Gish International Co., Ltd, Annual General Meeting, Jun 18, 2024 Gish International Co., Ltd, Annual General Meeting, Jun 18, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: NT$0.77 loss per share (vs NT$1.11 loss in FY 2022) Full year 2023 results: NT$0.77 loss per share (improved from NT$1.11 loss in FY 2022). Revenue: NT$104.0m (down 29% from FY 2022). Net loss: NT$15.0m (loss narrowed 22% from FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.30 loss per share (vs NT$0.14 loss in 3Q 2022) Third quarter 2023 results: NT$0.30 loss per share (further deteriorated from NT$0.14 loss in 3Q 2022). Revenue: NT$21.8m (down 37% from 3Q 2022). Net loss: NT$6.30m (loss widened 168% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (NT$299.1m market cap, or US$9.36m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (NT$120m revenue, or US$3.8m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.37 (vs NT$0.39 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.37 (up from NT$0.39 loss in 2Q 2022). Revenue: NT$30.8m (up 5.5% from 2Q 2022). Net income: NT$6.39m (up NT$13.1m from 2Q 2022). Profit margin: 21% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2022 earnings released: NT$1.11 loss per share (vs NT$1.60 loss in FY 2021) Full year 2022 results: NT$1.11 loss per share (improved from NT$1.60 loss in FY 2021). Revenue: NT$146.5m (down 36% from FY 2021). Net loss: NT$19.1m (loss narrowed 31% from FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.22 loss per share (vs NT$0.29 loss in 2Q 2021) Second quarter 2022 results: NT$0.22 loss per share (up from NT$0.29 loss in 2Q 2021). Revenue: NT$29.2m (down 35% from 2Q 2021). Net loss: NT$6.68m (loss narrowed 23% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2022 earnings released: NT$0.06 loss per share (vs NT$0.24 loss in 1Q 2021) First quarter 2022 results: NT$0.06 loss per share (up from NT$0.24 loss in 1Q 2021). Revenue: NT$55.1m (down 13% from 1Q 2021). Net loss: NT$1.83m (loss narrowed 74% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Mar 29
Gish International Co., Ltd, Annual General Meeting, Jun 14, 2022 Gish International Co., Ltd, Annual General Meeting, Jun 14, 2022. Reported Earnings • Mar 28
Full year 2021 earnings released: NT$0.92 loss per share (vs NT$1.13 loss in FY 2020) Full year 2021 results: NT$0.92 loss per share (up from NT$1.13 loss in FY 2020). Revenue: NT$228.4m (down 12% from FY 2020). Net loss: NT$27.6m (loss narrowed 13% from FY 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$0.15 loss per share (vs NT$0.068 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$62.4m (down 11% from 3Q 2020). Net loss: NT$4.60m (loss widened 126% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.24 loss per share (vs NT$0.49 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$63.5m (up 27% from 1Q 2020). Net loss: NT$7.07m (loss narrowed 43% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$1.13 loss per share (vs NT$1.70 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$259.0m (up 9.4% from FY 2019). Net loss: NT$31.6m (loss narrowed 34% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Is New 90 Day High Low • Mar 06
New 90-day high: NT$10.05 The company is up 5.0% from its price of NT$9.59 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Feb 03
New 90-day low: NT$8.68 The company is down 6.0% from its price of NT$9.27 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: NT$10.15 The company is up 13% from its price of NT$8.95 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.07 loss per share The company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$69.8m (up 6.1% from 3Q 2019). Net loss: NT$2.04m (loss widened 204% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. 