AzureWave Technologies (3694) Q3 2024 earnings summary

Executive summary

• Net sales revenue for the nine months ended September 30, 2024, was NT$6,979,046 thousand, a slight decrease from NT$7,270,543 thousand year-over-year.

• Net profit for the same period was NT$323,184 thousand, up from NT$275,495 thousand year-over-year.

• Total assets as of September 30, 2024, stood at NT$6,044,509 thousand, with equity at NT$3,198,597 thousand.

Financial highlights

• Gross profit for the nine months ended September 30, 2024, was NT$998,891 thousand, compared to NT$951,372 thousand year-over-year.

• Basic earnings per share for the period was NT$2.13, up from NT$1.80 year-over-year.

• Cash and cash equivalents increased to NT$1,777,315 thousand as of September 30, 2024, from NT$1,033,786 thousand a year earlier.

Outlook and guidance

• Comprehensive income for the nine months ended September 30, 2024, was NT$395,363 thousand, compared to NT$385,698 thousand year-over-year, indicating stable performance.