AzureWave Technologies (3694) Q1 2024 earnings summary

Executive summary

• Net sales revenue for Q1 2024 reached NT$2,054,154 thousand, up from NT$2,011,335 thousand year-over-year.

• Net profit for Q1 2024 was NT$56,403 thousand, a significant increase from NT$30,290 thousand in Q1 2023.

• Total comprehensive income for Q1 2024 was NT$163,691 thousand, compared to NT$14,944 thousand in Q1 2023.

Financial highlights

• Gross profit for Q1 2024 was NT$278,142 thousand, up from NT$268,860 thousand year-over-year.

• Basic and diluted EPS for Q1 2024 were NT$0.37, compared to NT$0.20 in Q1 2023.

• Cash and cash equivalents at the end of Q1 2024 stood at NT$1,497,371 thousand, up from NT$470,826 thousand a year earlier.

• Net cash flows from operating activities in Q1 2024 were NT$294,644 thousand, up from NT$154,432 thousand in Q1 2023.

Outlook and guidance

• No explicit forward-looking guidance provided, but improved profitability and cash position suggest positive momentum.