Acer Gadget (2432) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$755.89 million, up 32% year-over-year from NT$572.90 million in Q1 2023.

• Net income for Q1 2024 was NT$14.98 million, a slight increase from NT$14.50 million in Q1 2023.

• Gross margin remained stable at 12% for both Q1 2024 and Q1 2023.

• Earnings per share (EPS) for Q1 2024 was NT$0.24, compared to NT$0.23 in Q1 2023.

Financial highlights

• Operating income for Q1 2024 was NT$17.52 million, up from NT$10.53 million year-over-year.

• Operating expenses increased to NT$74.82 million in Q1 2024 from NT$55.61 million in Q1 2023.

• Cash and cash equivalents at March 31, 2024, were NT$1,089.97 million, compared to NT$897.87 million a year earlier.

• Total assets at March 31, 2024, were NT$1,834.35 million, with total equity of NT$1,116.70 million.

• Cash flow from operating activities was negative NT$13.29 million in Q1 2024, compared to negative NT$5.67 million in Q1 2023.

Outlook and guidance

• The board approved a cash dividend of NT$1.7 per share, totaling NT$105.16 million, for 2024.

• No significant impact expected from newly adopted or upcoming accounting standards.