Plover Bay Technologies (HKG:1523) Full Year 2024 Results
Key Financial Results
- Revenue: US$116.8m (up 24% from FY 2023).
- Net income: US$38.0m (up 35% from FY 2023).
- Profit margin: 33% (up from 30% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.035 (up from US$0.026 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Plover Bay Technologies Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.
The primary driver behind last 12 months revenue was the Sales of SD-WAN Routers - Mobile First Connectivity segment contributing a total revenue of US$66.2m (57% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$8.50m (33% of total expenses). Explore how 1523's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Communications industry in Asia.
Performance of the market in Hong Kong.
The company's shares are up 1.6% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Plover Bay Technologies.
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