Browave (3163) Q1 2025 earnings summary

Executive summary

• Designs, manufactures, and sells fiber optic communication components, with operations in Taiwan, China, and the Philippines.

• Listed on the Taipei Exchange since December 2012.

Financial highlights

• Q1 2024 revenue was NT$523.9 million, down 4.5% year-over-year from NT$548.8 million.

• Net income for Q1 2024 was NT$49.2 million, a 64% decrease from NT$135.2 million in Q1 2023.

• Gross margin remained stable at 18% year-over-year.

• Basic and diluted EPS for Q1 2024 were both NT$0.61, compared to NT$1.68 and NT$1.67 in Q1 2023.

• Cash and cash equivalents at March 31, 2024, were NT$809.6 million, down from NT$1,023.6 million a year earlier.

Outlook and guidance

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

• No explicit forward-looking financial guidance provided.