RAFAEL MICROELECTRONICS (6568) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024 was NT$790.3 million, a slight decrease from NT$794.4 million year-over-year, with net income rising to NT$94.9 million from NT$63.7 million.

• Gross margin improved to 37% from 36% year-over-year, and basic EPS increased to NT$3.12 from NT$2.10.

• The company declared a cash dividend of NT$1.8 per share for 2024, down from NT$4 per share in 2023.

Financial highlights

• Net sales for Q3 2024 were NT$285.97 million, up from NT$259.86 million in Q3 2023.

• Operating income for the nine months was NT$90.0 million, up from NT$44.8 million year-over-year.

• Cash and cash equivalents at September 30, 2024 were NT$264.6 million, down from NT$501.99 million a year earlier.

• Total assets stood at NT$1,611.8 million, with equity attributable to owners at NT$1,441.1 million.

Outlook and guidance

• Management continues to focus on balancing capital structure and maintaining growth, with no significant impact expected from new accounting standards.