Browave (3163) Q2 2025 earnings summary

Executive summary

• Designs, manufactures, and sells fiber optic communication components, with shares listed on the Taipei Exchange since December 2012.

• Consolidated financial statements for Q2 2024 and Q2 2023 reviewed by PwC, with a qualified conclusion due to some unaudited subsidiaries representing up to 9% of assets and 11% of liabilities.

Financial highlights

• Revenue for Q2 2024 was NT$538.5M, up 17% year-over-year; H1 2024 revenue was NT$1,062.4M, up 5% year-over-year.

• Q2 2024 net loss was NT$6.0M (EPS: -NT$0.07); H1 2024 net income was NT$43.2M (EPS: NT$0.54), both down sharply from prior year periods.

• Gross margin remained stable at 17% for both Q2 and H1 2024.

• Cash and equivalents at June 30, 2024: NT$730.9M, down from NT$954.8M at year-end 2023.

• Operating cash flow for H1 2024 was negative NT$41.1M.

Outlook and guidance

• No explicit forward guidance provided; management notes adoption of new IFRS standards is not expected to materially impact financials.