Andes Technology’s Revenue Grows by 14% in Full-Year 2023, Despite Losses

Andes Technology (TWSE:6533) has announced its full-year 2023 results with key financial highlights. The company’s revenue reached NT$1.06 billion, showing a 14% increase from the previous year. However, there was a net loss of NT$101.7 million, a decrease of 129% compared to the profit of NT$355.9 million in FY 2022. The loss per share was NT$2.01, down from a profit of NT$7.03 in the previous year.

On March 25th, 2024, the company announced its earnings and revenue growth for the trailing 12 months (TTM) period. Despite beating analyst estimates in revenue by 11%, the earnings per share (EPS) fell short of expectations. Andes Technology forecasts a 26% average annual revenue growth for the next two years, outperforming the Semiconductor industry in Taiwan.

The Taiwanese Semiconductor industry has shown a positive performance, with Andes Technology’s shares up by 4.9% from the previous week. However, there are still risks to consider, including a warning sign identified by the company that investors should keep an eye on closely.

For a comprehensive analysis of Andes Technology’s valuation, risks, dividends, insider transactions, and financial health, readers are encouraged to view the free analysis provided by Simply Wall St. Feedback on the content can be shared directly with the editorial team at Simply Wall St.

It is important to note that this article is based on historical data and analyst forecasts and does not constitute financial advice.

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Investors should conduct their own research before making any investment decisions and should consider seeking professional advice if necessary.

Andes Technology reported its full-year 2023 results with key financial highlights:

Revenue increased by NT$874 million compared to FY 2022

Net loss decreased from NT$768 million in FY 2023