Techpoint, Inc. JDR (6697) has shared an announcement.
Techpoint, Inc. has released a financial forecast for 2024, projecting revenues of $72.2 million and a non-GAAP net income of $18.6 million, with earnings per share estimated at $1.02. The third quarter is expected to see a revenue increase to $18.5 million, but operating profit may drop due to higher R&D expenses. Despite challenges in the security camera market and a stagnant automotive sector, the company anticipates offsetting declines with new product contributions. The forecast also includes a dividend prediction of $0.50 per share. It’s important to note that these unaudited figures have not been subject to audit procedures.
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