- Iflytek’s net loss for Q1 2024 stands at 300.5 million yuan, drastically increased from the previous year’s loss of 57.9 million yuan.
- Revenue saw a rise by 26% year on year to reach 3.65 billion yuan.
- The loss per share rose sharply from 2.0 RMB cents to 13 RMB cents year on year.
- The net income fell sharply by 419% in comparison to the 2023 year results.
- Total revenue for 2023 was 19.65 billion yuan, marking a 4.4% increase year on year but fell short of the estimated 20.42 billion yuan.
- Revenue from Medical Business stood at 539.5 million yuan, falling short of the estimated 634.9 million yuan.
- Open Platform Revenue went beyond expectations to reach 3.94 billion yuan against the estimated 3.38 billion yuan.
- Car Intelligent Networking Related Services Revenue exceeded estimates and totaled 695.5 million yuan.
- Smart Financial Products & Solutions Revenue was slightly higher than expected at 288.8 million yuan.
- Operator Related Business Revenue was 2.10 billion yuan, which was less than the estimated 2.23 billion yuan.
- R&D expenses stood at 3.48 billion yuan, less than the estimated 3.71 billion yuan.
- Iflytek has been rated 31 times as a buy, 5 times as a hold, and 0 times as a sell.
A look at IFlytek Co Ltd A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, the long-term outlook for IFlytek Co Ltd A appears promising. The company excels in momentum, scoring the highest possible rating, indicating strong positive price momentum. This suggests that IFlytek Co Ltd A is experiencing upward trending stock prices, which can be a positive indicator for future performance.
Furthermore, IFlytek Co Ltd A demonstrates strength in growth and resilience, with scores of 3 for both factors. This implies that the company has potential for future expansion and is equipped to withstand challenges. While the value and dividend scores are moderate at 2, the overall outlook for IFlytek Co Ltd A seems positive, positioning the company well for potential growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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