Acer Gadget (2432) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2023 was NT$709.7 million, up 24% year-over-year; net income for the quarter was NT$26.3 million, with EPS of NT$0.43.

• For the nine months ended September 2023, revenue reached NT$1,879.1 million, up 26% year-over-year; net income was NT$71.5 million, with EPS of NT$1.16.

• Gross margin remained stable at 13% for Q3 and the nine-month period.

Financial highlights

• Q3 2023 operating income was NT$30.2 million, up from NT$21.7 million in Q3 2022.

• Operating expenses for Q3 2023 were NT$61.7 million, up 13% year-over-year.

• Cash and cash equivalents at September 30, 2023, were NT$1,063.9 million, up from NT$928.9 million a year earlier.

• Dividend of NT$1.65 per share (NT$102.1 million total) was distributed in 2023.

Outlook and guidance

• Management expects no significant impact from newly adopted or upcoming accounting standards.

• No seasonal or cyclical factors are expected to affect operations.