APAC Opto Electronics (4908) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$212.3 million, down 6.8% year-over-year from NT$227.8 million in Q1 2023.

• Net income for Q1 2024 was NT$59.0 million, nearly flat compared to NT$59.2 million in Q1 2023.

• Gross margin improved to 55% in Q1 2024 from 44% in Q1 2023.

• Basic and diluted EPS for Q1 2024 were NT$0.75, compared to NT$0.76 and NT$0.75 in Q1 2023.

Financial highlights

• Operating income rose to NT$60.1 million in Q1 2024, up from NT$46.1 million in Q1 2023.

• Operating expenses increased slightly to NT$55.7 million in Q1 2024 from NT$54.7 million in Q1 2023.

• Cash and cash equivalents at March 31, 2024, were NT$218.2 million, up from NT$217.9 million a year earlier.

• Total assets at March 31, 2024, were NT$1,953.8 million, up from NT$1,934.8 million at March 31, 2023.

• Dividend distribution for FY2023 was NT$1.75 per share in cash.

Outlook and guidance

• Management expects no material impact from newly adopted or upcoming accounting standards.

• No significant post-balance sheet events or seasonal effects anticipated.