LandMark Optoelectronics (3081) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was NT$1,208,422 thousand, up 14% year-over-year, but the net loss narrowed to NT$54,530 thousand from NT$211,505 thousand in 2023.

• Gross margin improved to 20% in 2024 from 13% in 2023, reflecting better cost control despite higher operating expenses.

• Major sales markets were Mainland China (73%), the US (9%), Taiwan (6%), and others (11%).

Financial highlights

• Operating revenue increased to NT$1,208,422 thousand in 2024 from NT$1,056,038 thousand in 2023.

• Gross profit rose to NT$238,887 thousand (20% margin) from NT$138,102 thousand (13% margin) year-over-year.

• Operating loss reduced to NT$111,792 thousand from NT$279,020 thousand year-over-year.

• Net loss after tax was NT$54,530 thousand, a significant improvement from NT$211,505 thousand in 2023.

• Basic and diluted EPS were both NT$(0.59), compared to NT$(2.31) in 2023.

Outlook and guidance

• The company continues to focus on wafer manufacturing and expects ongoing demand in its primary markets.

• No explicit forward-looking financial guidance was provided.