Matex International (Catalist:M15) Full Year 2023 Results

Key Financial Results

• Revenue: S$7.35m (down 50% from FY 2022).

• Net loss: S$3.31m (down by 146% from S$7.27m profit in FY 2022).

• S$0.01 loss per share (down from S$0.023 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the People's Republic of China (PRC) segment contributing a total revenue of S$5.32m (72% of total revenue). Notably, cost of sales worth S$5.75m amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$4.72m (81% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of S$911.0k. Explore how M15's revenue and expenses shape its earnings.

Matex International shares are up 4.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Matex International you should be aware of, and 1 of them makes us a bit uncomfortable.

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