APAC Opto Electronics (4908) Q2 2024 earnings summary

Executive summary

• Revenue for Q2 2023 was NT$247,867K, up 21% year-over-year; net income for the quarter was NT$51,918K, with EPS of NT$0.66.

• For the first half of 2023, revenue reached NT$475,625K, a 24% increase year-over-year; net income was NT$111,145K, with EPS of NT$1.42.

• Gross margin for Q2 2023 was 42%, slightly down from 44% in Q2 2022; operating margin remained stable at 21% for both periods.

Financial highlights

• Cash and cash equivalents at June 30, 2023, were NT$187,655K, up from NT$132,464K a year earlier.

• Total assets at June 30, 2023, were NT$1,959,076K, with equity of NT$1,591,273K and liabilities of NT$367,803K.

• Operating cash flow for H1 2023 was NT$216,448K, a significant increase from NT$49,813K in H1 2022.

• Dividend payout for 2022 was NT$2.4 per share, totaling NT$187,721K.

Outlook and guidance

• Management expects no material impact from newly adopted or upcoming IFRS standards.

• No significant post-balance sheet events or disaster losses were reported.