Topoint Technology (8021) Q4 2024 earnings summary

Executive summary

• Net revenue for Q4 2024 was NT$953M, down 0.9% sequentially but up 21.8% year-over-year.

• Net profit for Q4 2024 reached NT$49M, a 28.5% sequential decline but a 33.5% increase year-over-year.

• Full-year 2024 net revenue was NT$3,541M, up 28.8% from 2023, with net profit rebounding to NT$206M from a loss in 2023.

Financial highlights

• Q4 2024 gross margin was 27.1%, up 2.9 ppt year-over-year.

• Operating income for Q4 2024 was NT$80M, down 23.1% sequentially but up 73.1% year-over-year.

• EPS for Q4 2024 was NT$0.34, a 29.2% sequential decrease but a 30.8% increase year-over-year.

• Full-year 2024 gross margin improved to 26.2% from 22.4% in 2023.

• ROA and ROE for 2024 improved to 3.3% and 4.2%, respectively, from negative values in 2023.

Outlook and guidance

• Management notes that future projections are subject to risks and uncertainties, and actual results may differ significantly from current outlooks.