Andes Technology (TWSE:6533) reported its full-year 2023 financial results, showing key highlights. Despite a 14% increase in revenue to NT$1.06 billion compared to the previous year, the company experienced a net loss of NT$101.7 million, which was a decrease of 129% compared to the profit of NT$355.9 million in FY 2022. The loss per share was NT$2.01, down from a profit of NT$7.03 in the previous year.
On March 25th, 2024, the company announced its earnings and revenue growth for the trailing 12 months (TTM) period. While Andes Technology beat analyst estimates in revenue by 11%, the EPS fell short of expectations.
The Taiwanese Semiconductor industry has shown positive performance, with Andes Technology’s shares up by 4.9% from the previous week. However, there are still risks to consider, including a warning sign identified by the company.
For a comprehensive analysis of Andes Technology’s valuation, risks, dividends, insider transactions, and financial health, readers are encouraged to view the free analysis provided by Simply Wall St.
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Andes Technology forecasts a 26% average annual revenue growth for the next two years outperforming