Nexcom Latest Revenue Performance
Nexcom (New Han Computer) reported November 2024 revenue of NT$566 million, growing 13.84% month-over-month and 31.07% year-over-year. October revenue was NT$497 million, showing 42.58% year-over-year growth and 4.45% month-over-month growth.
2024 Cumulative Revenue Overview
Cumulative revenue for January-November 2024 reached NT$4.891 billion, declining 7.79% compared to the same period last year. The first 10 months’ cumulative revenue was NT$4.325 billion, showing an 11.23% year-over-year decrease.
Business Outlook
Industry Recovery Signs:
- Industrial control/automation industry has passed its lowest point
- Third quarter showed emergence of urgent orders
- 2025 business performance is expected to outperform this year
Growth Drivers:
- Robotics, ESG, and AI application sectors showing positive performance
- Related businesses expected to drive overall operations upward in 2025
Third Quarter Financial Performance
- Revenue: NT$1.501 billion
- Gross profit: NT$391 million
- After-tax net profit: NT$8 million
- Earnings per share: NT$0.18
Operational Challenges
Main factors affecting performance:
- Overdue payment issues from Chinese mainland customers
- Impact of bad debt provisions
- Non-operating performance below expectations
Make the Yearly Revenue into USD
Annual Revenue Conversion (NTD to USD)
Nexcom’s cumulative revenue for January-November 2024 was NT$4.891 billion, equivalent to approximately US$163 million.
Monthly Revenue Trends (USD)
| Month | Revenue (NTD) | USD Equivalent |
|---|---|---|
| November | NT$566 million | US$18.87 million |
| October | NT$497 million | US$16.57 million |
| September | NT$476 million | US$15.87 million |
| *Note: USD conversion based on exchange rate of 1 USD = 30 NTD |
Key Observations
Cumulative Revenue Performance:
- January-November 2024 cumulative revenue approximately US$163 million
- 7.79% decrease compared to the same period last year
- Full-year operations expected to outperform 2023
How is Nexcom’s Year-over-Year Growth Rate
Nexcom’s Year-over-Year Growth Rate Performance
Nexcom (8234) shows fluctuating year-over-year growth rates with recent significant improvement:
Monthly Year-over-Year Growth
- November 2024: 31.07% year-over-year growth, showing strong growth
- October 2024: 42.58% year-over-year growth, excellent performance
- September 2024: -12.02% year-over-year growth, showing decline
Cumulative Year-over-Year Growth
- January-November 2024 cumulative revenue of NT$4.891 billion, cumulative year-over-year growth of -7.79%
- January-October 2024 cumulative revenue of NT$4.325 billion, cumulative year-over-year growth of -11.23%
Business Outlook
- Industrial control/automation industry has passed its lowest point, with urgent orders emerging in Q3
- Robotics, ESG, and AI application sectors showing positive performance
- 2025 business performance expected to outperform 2024, with related businesses driving overall operations upward
Operational Challenges
Nexcom faces the following challenges:
- Overdue payment issues from Chinese mainland customers
- Impact of bad debt provisions
- Non-operating performance below expectations
Despite negative cumulative year-over-year growth, the significant improvement in recent monthly year-over-year growth indicates Nexcom’s operations are turning around. The company is actively positioning itself in emerging fields such as robotics, which is expected to positively impact future performance.
Nexcom 2023 Revenue, Displayed in USD
2023 Revenue Performance (USD)
Nexcom’s 2023 annual revenue was:
- Total annual revenue: US$192 million (approximately NT$5.77 billion)
- 27.17% decrease compared to 2022
Quarterly Revenue Analysis
2023 Q3 performance:
- Revenue: approximately US$50 million (NT$1.5 billion)
- Quarterly growth rate: 7.22%
Operating Indicators
Key Financial Data:
- Revenue per employee: approximately US$168,000
- Market value: approximately US$240 million (NT$7.19 billion)
- Price-to-sales ratio (P/S): 1.42
Historical Revenue Trends (USD)
| Year | Revenue (US$ hundred million) | Year-over-Year Growth |
|---|---|---|
| 2023 | 1.92 | -27.17% |
| 2022 | 2.64 | +16.76% |
| 2021 | 2.26 | +1.17% |
| 2020 | 2.23 | -7.09% |