FOCI Fiber Optic Communications (3363) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was NT$411.4 million, up 53% year-over-year from NT$268.5 million, driven by strong sales in China and America.

• Net profit for Q1 2025 was NT$1.1 million, a turnaround from a net loss of NT$28.3 million in Q1 2024.

• Operating loss narrowed significantly to NT$6.8 million from NT$42.3 million year-over-year.

Financial highlights

• Gross margin improved to 17% in Q1 2025 from 8% in Q1 2024.

• Operating expenses increased to NT$77.4 million, up from NT$63.5 million year-over-year.

• Basic and diluted EPS for Q1 2025 was NT$0.01, compared to a loss per share of NT$0.29 in Q1 2024.

• Cash and cash equivalents stood at NT$1,404.7 million as of March 31, 2025, up from NT$922.0 million a year earlier.

• Total assets increased to NT$3,063.2 million from NT$2,361.0 million year-over-year.

Outlook and guidance

• Management expects continued revenue growth, supported by robust demand in China and America.

• No specific quantitative guidance was provided for the next quarter.