Mic Electronics : Q1 2024 Financial Quarterly Report : YoY Sales Up 52.64 %, QoQ Down 53.34 %

The comprehensive analytics outlining the performance and outlook of Mic Electronics Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Mic Electronics Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 52.64 %. However, it did see a marginal slip of -53.34 % from the previous quarter. Expenses decreased slightly by -53.73 % quarter-on-quarter, aligning with the annual rise of 60.16 %. Operating profit, while up 33.33 % compared to last year, faced a quarter-on-quarter dip of -51.94 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.51 %, but an expansion of 0.71 % sequentially. Other income fell by -74.42 % compared to the last quarter, despite an annual growth of 29.41 %. Interest expenses surged remarkably by 9.52 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.52 %. Depreciation costs climbed by 5.41 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15.22 %. Profit before tax grew annually by 58.87 % but saw a reduction from the preceding quarter by -64.05 %.
with a more notable quarter-on-quarter decrease of -804.1 %. Net profit rose by 58.87 % year-on-year but witnessed a -96.03 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 33.33 % but a quarterly fall of -96.43 %. In summary, Mic Electronics Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Mic Electronics Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 52.64 % year-on-year growth, although there was a slight dip of -53.34 % from the previous quarter. Expenses rose by 60.16 % compared to the previous year, with a decrease of -53.73 % quarter-on-quarter. Operating Profit surged by 33.33 % annually, and saw a -51.94 % decrease from the last quarter.
Net Profit showed yearly increase of 58.87 %, and experienced a -96.03 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 33.33 % annually, however dipped by -96.43 % compared to the last quarter. In essence, while Mic Electronics Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.