Categories: Technology

Andes Technology: Beat Revenue Forecasts, But Loss Per Share Takes a Hit in 2023

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.

Feedback on the content can be shared directly with the editorial team at Simply Wall St.

It is important to note that this article is based on historical data and analyst forecasts and does not constitute financial advice. Simply Wall St aims to provide unbiased analysis driven by fundamental data.

Andes Technology forecasts a 26% average annual revenue growth for the next two years outperforming

Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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