DOLBY LABORATORIES Reports Fourth Quarter Fiscal Year 2023 Earnings on November 16
November 20, 2023
🌥️Earnings Overview
On November 16 2023, DOLBY LABORATORIES ($NYSE:DLB) revealed its financials for the fourth quarter of fiscal year 2023, which concluded on September 30 2023. Total revenue for the quarter was USD 290.6 million, representing an increase of 4.4% compared to the previous financial year. On the other hand, net income decreased by 66.9% to USD 9.2 million.
Share Price
On Thursday, DOLBY LABORATORIES reported its financial results for the fourth quarter of fiscal year 2023. The stock opened at $87.6 and closed at $87.8, down 1.0% from its previous closing price of 88.7. The company also released additional details regarding its earnings, such as revenues, net profits, and earnings per share (EPS).
In addition, a conference call was held with analysts to discuss the quarterly results and provide an outlook for the upcoming quarters. The company is popular for its Dolby Atmos technology, which provides superior sound quality and a more immersive cinematic experience. Going forward, DOLBY LABORATORIES plans to continue expanding its product portfolio and investing in research and development in order to create more innovative products. The company also announced that it will be launching new products in the coming quarters, which will further boost its revenue growth. Investors responded positively to the earnings report as the stock price rose slightly after the announcement. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dolby Laboratories. More…
| Total Revenues | Net Income | Net Margin |
| 1.3k | 200.66 | 18.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dolby Laboratories. More…
| Operations | Investing | Financing |
| 367.08 | 54.21 | -236.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dolby Laboratories. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.98k | 607.58 | 24.62 |
Key Ratios Snapshot
Some of the financial key ratios for Dolby Laboratories are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.8% | 6.0% | 20.2% |
| FCF Margin | ROE | ROA |
| 25.9% | 7.0% | 5.5% |
Analysis
GoodWhale conducted an analysis of DOLBY LABORATORIES‘s fundamentals using the Star Chart. Our results indicate that the company is strong in asset and profitability, medium in dividend, and weak in growth. We have classified this as a ‘rhino’ type of company, a company that has achieved moderate revenue or earnings growth. Given the nature of the company, potential investors may be interested in DOLBY LABORATORIES. This is due to its high health score of 10/10, indicating it is capable to sustain future operations in times of crisis. Additionally, its strong asset and profitability positions mean it is likely to remain stable and profitable even in uncertain economic conditions. More…
Peers
There is fierce competition between Dolby Laboratories Inc and its competitors: Max Sound Corp, IAR Systems Group AB, Sunplus Technology Co Ltd. Each company is vying for a share of the market and each has its own strengths and weaknesses.
However, Dolby Laboratories Inc seems to have the edge at the moment.
– Max Sound Corp ($OTCPK:MAXD)
Sound Corp is a publicly traded company with a market cap of 3.21M as of 2022. The company has a return on equity of 1.89%. Sound Corp is engaged in the business of designing, manufacturing and marketing audio products. The company’s products include loudspeakers, subwoofers, amplifiers, sound bars, home theater systems, car audio products, portable speakers and headphones.
– IAR Systems Group AB ($LTS:0QTV)
IAR Systems Group AB is a Swedish software development company that offers development tools for embedded systems. The company has a market cap of 1.84 billion as of 2022 and a return on equity of -6.08%. IAR Systems Group AB offers development tools for a wide range of microcontrollers and embedded systems. The company’s products are used by developers around the world to create applications in a wide range of industries, including automotive, consumer electronics, industrial automation, medical devices, and aerospace.
– Sunplus Technology Co Ltd ($TWSE:2401)
Sunplus Technology Co., Ltd. is a fabless semiconductor company that designs, develops, and markets mixed-signal integrated circuits (ICs) and digital signal processing (DSP) ICs used in a variety of consumer electronics applications. The company offers a portfolio of IC products, including power management, audio, and video products. Sunplus Technology Co., Ltd. was founded in 1990 and is headquartered in Hsinchu, Taiwan.
Summary
Dolby Laboratories reported strong fourth quarter results for fiscal year 2023, with total revenue increasing by 4.4% compared to the same period last year.
However, reported net income decreased by 66.9% from the previous year. This may be a cause for concern for investors, who will be looking at future performance and trends to decide whether to invest in Dolby Laboratories.
Additionally, investors may want to consider the competitive industry environment or changes in macroeconomic conditions that could have an impact on the company’s performance. A thorough analysis of the company’s financials and operational performance may help investors in making an informed decision.
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