AzureWave Technologies (3694) Q2 2024 earnings summary

Executive summary

• Net sales revenue for the first half of 2024 was NT$4,441,710 thousand, a slight decrease from NT$4,568,407 thousand year-over-year.

• Net profit for the first half of 2024 reached NT$182,540 thousand, up from NT$141,697 thousand year-over-year.

• Total comprehensive income for the first half of 2024 was NT$328,418 thousand, compared to NT$164,338 thousand in the prior year.

Financial highlights

• Gross profit for the first half of 2024 was NT$629,754 thousand, up from NT$600,762 thousand year-over-year.

• Basic and diluted EPS for the first half of 2024 were both NT$1.20, compared to NT$0.93 year-over-year.

• Cash and cash equivalents at June 30, 2024, stood at NT$1,801,404 thousand, up from NT$512,737 thousand a year earlier.

• Net cash from operating activities for the first half of 2024 was NT$623,646 thousand, up from NT$424,758 thousand year-over-year.

Outlook and guidance

• Operating income and net profit showed year-over-year growth, indicating improved profitability.