Plover Bay Technologies Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Plover Bay Technologies (HKG:1523) Full Year 2024 Results

Key Financial Results

• Revenue: US$116.8m (up 24% from FY 2023).
• Net income: US$38.0m (up 35% from FY 2023).
• Profit margin: 33% (up from 30% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.035 (up from US$0.026 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Plover Bay Technologies Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Sales of SD-WAN Routers - Mobile First Connectivity segment contributing a total revenue of US$66.2m (57% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$8.50m (33% of total expenses). Explore how 1523's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Communications industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 1.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Plover Bay Technologies.

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