Hong Kong · Delayed Price · Currency is HKD Plover Bay Technologies Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 18.5% year-on-year to $74.6M, with net profit up 28% and gross margin at 58.8%. Recurring revenues and high-end product sales drove growth, while strategic inventory buildup impacted cash flow. Management remains optimistic on future momentum and is open to share buybacks.
Fiscal Year 2025
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FY2025 saw 11% revenue growth and a 19.5% net profit increase, driven by high-end mobile routers, recurring revenue, and strong international expansion. The planned North America spin-off aims to address regulatory and supply chain needs while maintaining operational efficiency.
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First-half 2025 sales grew 9.9% year-on-year to $63M, with net profit up 13.4% and strong gains in EMEA and Asia-Pacific offsetting a temporary U.S. sales dip. Recurring revenue and software subscriptions rose, and new product launches and partnerships are set to drive future growth.
Fiscal Year 2024
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Record FY2024 results with 24% revenue and 35% net profit growth, driven by strong hardware and recurring revenue, expanded Starlink collaboration, and robust cash flow. Management remains optimistic for 2025, focusing on product innovation and ecosystem expansion.
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Revenue and net profit surged in H1 2024, driven by strong growth in connectivity segments and recurring revenues, with improved margins and robust cash flow. Starlink partnership and product streamlining fueled expansion, while North America led regional growth.