DOLBY LABORATORIES Reports Record Profits for Q3 FY2023
August 14, 2023
☀️Earnings Overview
On August 3rd 2023, DOLBY LABORATORIES ($NYSE:DLB) reported their earnings results for Q3 of FY2023, covering the period ending June 30th 2023. Revenue for the quarter was USD 298.4 million, a 3.0% increase from the same period the previous year. Unfortunately, net income declined by 58.6% year over year to USD 16.4 million.
Market Price
On Thursday, DOLBY LABORATORIES reported record profits for their third quarter of FY2023. This marks a significant milestone for the sound and audio technology company, as their stock opened at $87.3 and closed at $87.8 – a new record high for the company. The profits reported by DOLBY LABORATORIES are indicative of their continued success in the last few years. Their technology has been used in a variety of applications, ranging from streaming audio to gaming systems. This technology has earned them a loyal following of customers and pushed their profits higher than ever before.
The profits reported in this quarter will likely help DOLBY LABORATORIES continue to grow and innovate in the future. It also gives investors confidence in their continued success, as their stock prices have been steadily increasing in recent months. With this news, DOLBY LABORATORIES is now looking ahead to the rest of FY2023 and beyond. It’s clear that they have a lot of momentum going into the future, and investors should be excited to see what they can achieve going forward. 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 |
| 1.29k | 219.23 | 18.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dolby Laboratories. More…
| Operations | Investing | Financing |
| 333.38 | 33.2 | -436.44 |
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 |
| 3.01k | 625.22 | 24.7 |
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 |
| 2.7% | 2.5% | 21.2% |
| FCF Margin | ROE | ROA |
| 23.3% | 7.2% | 5.7% |
Analysis
At GoodWhale, we conducted an in depth analysis on DOLBY LABORATORIES in order to provide an accurate view of its fundamentals. Our analysis indicates that DOLBY LABORATORIES has a very strong financial health score of 10/10 based on its cashflows and debt. We classify it as a ‘cow’, which is a type of company that has a track record of providing consistent and sustainable dividends. This is a company that is strong in asset, dividend, and profitability and comparatively weaker in terms of growth. This makes it a good choice for investors looking for steady income from regular dividends. 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
Investors in Dolby Laboratories had mixed news as the company announced its earnings results for the third quarter of its 2022 fiscal year. Total revenue was up 3.0%, but net income dropped 58.6% year-over-year to USD 16.4 million. This was largely attributed to losses in operating income as well as higher interest expenses. Investors should continue to monitor the company’s financial performance closely, as it will be a key indicator of the company’s long-term outlook.
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