AIROHA TECHNOLOGY (6526) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$14,289,864 thousand, up from NT$10,389,371 thousand year-over-year.

• Net income for the nine months ended September 30, 2024, was NT$2,028,962 thousand, compared to NT$817,365 thousand year-over-year.

• Gross margin improved to 52% for the nine months ended September 30, 2024, from 46% in the prior year.

• The company completed the acquisition of IC PLUS Corp. on July 1, 2024, consolidating its results from that date.

Financial highlights

• Operating income for the nine months ended September 30, 2024, was NT$2,296,476 thousand, up from NT$858,802 thousand year-over-year.

• Basic EPS for the nine months ended September 30, 2024, was NT$12.34, compared to NT$5.62 year-over-year.

• Cash and cash equivalents increased to NT$11,162,226 thousand as of September 30, 2024, from NT$5,183,283 thousand a year earlier.

• Total assets reached NT$26,746,489 thousand as of September 30, 2024.

• Total equity increased to NT$20,419,589 thousand as of September 30, 2024.

Outlook and guidance

• If the IC PLUS acquisition had occurred at the start of the year, consolidated revenue would have been NT$14,595,078 thousand and net profit NT$1,955,996 thousand for the period.