Visual Photonics Epitaxy (2455) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$2,518.7 million, up 43% year-over-year from NT$1,757.2 million.

• Net profit for the same period reached NT$538.2 million, more than doubling from NT$261.9 million year-over-year.

• Basic EPS for the nine months was NT$2.91, compared to NT$1.42 in the prior year period.

Financial highlights

• Gross margin for the nine months was 41%, up from 39% year-over-year.

• Operating profit margin improved to 24% from 15% year-over-year.

• Cash and cash equivalents increased to NT$946.9 million as of September 30, 2024, from NT$645.5 million a year earlier.

• Total assets stood at NT$4,462.3 million, with equity of NT$3,200.7 million and liabilities of NT$1,261.5 million.

• Gearing ratio improved to 28% from 34% year-over-year.

Outlook and guidance

• The company continues to focus on expanding its optoelectronic semiconductor epitaxy and component business.

• Dividend policy remains stable, with cash dividends of NT$2.20 per share for 2023 approved in 2024.