Huneed Technologies (A005870) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩169.7 billion, down from ₩228.8 billion year-over-year.

• Operating income for the same period was ₩9.2 billion, a decrease from ₩17.4 billion year-over-year.

• Net income for the period was ₩9.2 billion, compared to ₩17.9 billion in the prior year.

• The company maintains a strong position in defense and overseas business segments, with major contracts ongoing.

Financial highlights

• Gross margin for the period was ₩28.8 billion, with a gross margin rate of 17%.

• R&D expenses totaled ₩8.7 billion, representing 5.1% of sales.

• Cash and cash equivalents at period end were ₩12.7 billion, down from ₩55.0 billion at the previous year-end.

• Total assets stood at ₩264.4 billion, with equity of ₩170.6 billion.

• Basic EPS for the period was ₩703, down from ₩1,366 year-over-year.

Outlook and guidance

• No new business lines or M&A activities are planned.

• The company expects continued stable demand in defense and overseas markets, supported by government policy and global partnerships.