AUROS Technology Full Year 2023 Earnings: Beats Expectations – Life Changer

AUROS Technology Full Year 2023 Earnings: Beats Expectations

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AUROS Technology (KOSDAQ:322310) Full Year 2023 Results

Key Financial Results

  • Revenue: ₩45.5b (up 29% from FY 2022).
  • Net income: ₩3.38b (up from ₩2.98b loss in FY 2022).
  • Profit margin: 7.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
  • EPS: ₩363 (up from ₩321 loss in FY 2022).
KOSDAQ:A322310 Earnings and Revenue Growth March 22nd 2024

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

AUROS Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 80%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea.

Performance of the South Korean Semiconductor industry.

The company’s shares are up 2.7% from a week ago.

Risk Analysis

Be aware that AUROS Technology is showing 1 warning sign in our investment analysis that you should know about…

Valuation is complex, but we’re helping make it simple.

Find out whether AUROS Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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