Phison Electronics Corp (ROCO:8299)

Q3 2024 Phison Electronics Corp Earnings Call Transcript

Nov 8, 2024 / 09:00 AM GMT

Release Date Price: NT$466 (-1.58%)

Transcript

Key Points

Positve

Phison Electronics Corp (ROCO:8299) reported a slight increase in revenue for CQ3, despite a weak consumer market.
The company is seeing growth in its enterprise business, which is expected to contribute significantly to future revenue.
Phison Electronics Corp has secured over 20 new design wins in the automotive sector, ensuring long-term supply agreements.
The company is investing in AI solutions and has received positive market feedback, indicating potential for future growth.
Phison Electronics Corp is expanding its presence in data centers and automotive markets, which are expected to drive higher margins.

Negative

The consumer market, particularly for retail SSDs, remains very weak, impacting overall revenue growth.
Gross margins have been negatively affected by inventory write-downs and a challenging pricing environment.
The company faces difficulties in the AI sector due to a lack of software development support from third-party companies.
Phison Electronics Corp's operating profit declined in CQ3 due to inventory write-offs and investment losses.
The company anticipates continued pressure on margins for the next two quarters due to market conditions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

8299.TWO - Phison Electronics Corp
Q3 2024 Phison Electronics Corp Earnings Call
Nov 08, 2024 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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This is Jason Zhang from C OS A today.

This is our honor to have KSP CEO at here with us.

We will share our current updates of outlook of both net flash industrial markets and the Pfizer itself. After that, we will open the floor for Q&A section. Now let me turn this call over to KSKS. Please go ahead.

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Unidentified_2 [2]
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Yeah, thanks. Jason Thanks everyone to join our license CQ three earning call.

Okay. Since we this quarter, we hold only one section. So in some portion, I will give both language increase in

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