LandMark Optoelectronics (3081) Q4 2023 earnings summary

Executive summary

• Revenue for 2023 was NT$1,056 million, a 56% decrease year-over-year from NT$2,381 million in 2022.

• Net loss for 2023 was NT$211.5 million, compared to a net profit of NT$329.5 million in 2022.

• Gross margin dropped to 13% in 2023 from 32% in 2022, reflecting higher costs and lower sales.

• The company’s main business remains the manufacturing and sale of wafers, with Mainland China as the largest market.

Financial highlights

• Operating income turned negative at NT$-279 million in 2023, down from NT$334 million in 2022.

• Earnings per share (EPS) were NT$-2.31 (basic and diluted) in 2023, compared to NT$3.61 (basic) and NT$3.59 (diluted) in 2022.

• Cash and cash equivalents at year-end 2023 were NT$581 million, down from NT$1,644 million at year-end 2022.

• Total assets decreased to NT$4,384 million from NT$5,117 million year-over-year.

• Total equity declined to NT$3,862 million from NT$4,357 million.

Outlook and guidance

• The company faces ongoing economic uncertainty, including risks from natural disasters, geopolitical conflicts, and inflation, which may impact future estimates and performance.

• A new issuance of 730,000 restricted shares for employees is planned, pending shareholder approval.