Taipei, Taiwan, R.O.C. – May 8th, 2024– ADATA today announced its consolidated financial results for Q1 2024 ending on March 31st. Thanks to rising memory prices and effective inventory management, the company hit a record-high gross margin of 26.43% and an operating profit of NT$1.55 billion. The gross margin gained 15 percentage points from 11.53% in Q1 2023 to 26.43% in Q1 2024. Operating profit also soared to NT$1.55 billion, a 36-fold increase compared to NT$42 million in Q1 2023. Net income amounted to NT$1.06 billion, marking a 17.6-fold increase YoY and a 45.51% growth QoQ. Net income attributable to shareholders of the parent reached NT$1.06 billion, reflecting a 42-fold surge from the same period in 2023. Based on 293 million outstanding shares, EPS was NT$3.62. ADATA 2024/Q1Consolidated Financial Summary Item (in millions of NT$) 2024/Q1 2023/Q4 QoQ% 2023/Q1 YoY% Revenue 10,881 11,023 (1.29) 7,211 50.9 Gross profit 2,876 2,176 32.19 831 245.97 Operating profit 1,547 1,075 43.87 42 3606.82 Income before tax 1,478 911 62.26 88 1584.1 Net income 1,059 728 45.51 57 1760.79 Net income attributable to shareholders of the parent 1,060 704 50.5 24 4229.35 Basic EPS (in dollars) 3.62 2.41 - 0.09 -
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