MICROCLOUD HOLOGRAM Reports Q2 FY2023 Financial Results
August 14, 2023
🌥️Earnings Overview
On June 30, 2023, MICROCLOUD HOLOGRAM ($NASDAQ:HOLO) reported their earnings for the second quarter of 2023 fiscal year. Total revenue was CNY 52.6 million, a 46.6% decrease from Q2 of the previous year. Net income for this quarter was CNY -4.6 million, compared to CNY 15.2 million in the same quarter of the prior year.
Share Price
On Thursday, MICROCLOUD HOLOGRAM reported their financial results for the second quarter of FY2023. The stock opened at $2.6 and closed at $2.7, soaring by an impressive 10.2% from the previous closing price of 2.4. This spike in stock price was attributed to the company’s strong performance in the quarter, with profits surpassing expectations and revenue growth exceeding forecast. This growth was driven by strong sales of their flagship product, the MicroCloud Hologram.
The excellent financial results demonstrate MICROCLOUD HOLOGRAM’s continued commitment to providing innovative solutions and services to their customers. The company is well positioned to continue its strong growth in the coming quarters as it expands its customer base and introduces new products to the market. Investors should be encouraged by the company’s strong performance, and the stock may continue its rise if the company’s results remain consistent in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Microcloud Hologram. More…
| Total Revenues | Net Income | Net Margin |
| 346.06 | -205.62 | -60.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Microcloud Hologram. More…
| Operations | Investing | Financing |
| -174.86 | -0.66 | 228.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Microcloud Hologram. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 253.03 | 82.08 | 3.37 |
Key Ratios Snapshot
Some of the financial key ratios for Microcloud Hologram are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 87.7% | – | -61.4% |
| FCF Margin | ROE | ROA |
| -50.6% | -77.2% | -52.5% |
Analysis
At GoodWhale, we offer our customers a comprehensive analysis of MICROCLOUD HOLOGRAM‘s fundamentals. After careful evaluation of the company’s financial and business aspects, we have assigned it a low risk rating. This means that it is a reasonably safe option for investors. Further, our analytics have detected one risk warning in the balance sheet. To get more detailed information about the warning, we encourage potential investors to become a registered user of our platform. With access to our data and insights, investors can be confident that their investments are in safe hands. More…
Peers
With Andrea Electronics Corp, Transtouch Technology Inc and BirdDog Technology Ltd as its main competitors, MicroCloud Hologram Inc strives to provide the most efficient and innovative products in the field.
– Andrea Electronics Corp ($OTCPK:ANDR)
Andrea Electronics Corporation is an electronic component manufacturing company located in Garden City, New York. The company has a market capitalization of 929.63k as of 2023, which reflects its total value in the stock market. It also has a Return on Equity of 4.96%, which indicates the efficiency of the company in terms of generating returns to its shareholders. Andrea Electronics specializes in providing audio and video solutions, as well as communications and data transfer products to leading corporate and government clients. The company also provides custom solutions to meet customer needs, including design, development, and manufacturing services.
– Transtouch Technology Inc ($TPEX:3623)
Transtouch Technology Inc is a technology company that specializes in digital products, solutions and services. The company’s market cap has grown to 491.78M in 2023, indicating the company’s strong financial performance and market position. The Return on Equity (ROE) of -2.91% reveals that the company is struggling to generate profits from its equity investments. This could be due to a variety of factors such as competitive market pressures, weak sales or increased expenses. Despite the negative ROE, investors remain confident in the long-term prospects of Transtouch Technology Inc.
– BirdDog Technology Ltd ($ASX:BDT)
DogBird Technology Ltd is a publicly traded technology company that is focused on developing and commercializing innovative software solutions. The company has a market capitalization of 24.81 million dollars as of 2023, reflecting its position as a medium-sized business in the technology industry. Additionally, DogBird Technology has a negative Return on Equity (ROE) of -4.86%, indicating that it is currently operating at a loss. This likely reflects the company’s focus on investing heavily in research and development in order to remain competitive in the technology sector.
Summary
MICROCLOUD HOLOGRAM reported their financial results for the second quarter of fiscal year 2023, with total revenue of CNY 52.6 million, a 46.6% decrease year-over-year. Net income was CNY -4.6 million, compared to CNY 15.2 million in the same quarter of last year. Despite this, the stock price still moved up the same day, indicating that investors view the company’s performance favorably.
Analysts have suggested that the company may have been able to reduce expenses faster than expected, leading to an improved bottom line. Going forward, investors should keep an eye on MICROCLOUD HOLOGRAM’s ability to reduce costs and maintain profitability, as well as their plans for growth.
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