On September 6 2023, PHOTRONICS ($NASDAQ:PLAB) reported their earnings results for the third quarter of the 2023 fiscal year ending July 31 2023. The company saw a 1.9% increase in total revenue, which was USD 224.2 million, however, net income decreased 13.7%, coming to USD 27.0 million compared to the same period in the previous year.
The stock opened at $20.2 and closed at $21.9, a drop of 6.8% from its last closing price of 23.5. PHOTRONICS is continuing to focus on their research and development efforts to drive innovations for their products and services, as well as expanding their marketing strategies to reach new customers. They expect these efforts to increase their sales in the fourth quarter of fiscal year 2023. Moving forward, they will continue to focus on their research and development efforts and marketing strategies in order to improve their financial performance in the coming quarters. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Photronics. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Photronics. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Photronics. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Photronics are shown below. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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Analysis – Photronics Intrinsic Value Calculation
GoodWhale recently conducted an analysis of PHOTRONICS‘s wellbeing and found that its intrinsic value is approximately $18.8. This figure was calculated using our proprietary Valuation Line, a tool that helps us to determine a company’s worth based on a variety of sources including market data and financial analysis. Currently, PHOTRONICS stock is trading at $21.9, which is higher than its intrinsic value and is considered to be overvalued by 16.4%. Despite this, PHOTRONICS may still present an attractive investment opportunity for those who are willing to take the risk. Ultimately, it’s important for investors to consider all the factors before making any decisions. More…
Risk Rating Analysis
Star Chart Analysis
They specialize in photomask products and services, including photomask design, mask-making, and mask-processing. Photronics Inc has a strong presence in the photomask industry, providing high quality products and services to their customers.
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PHOTRONICS reported their third quarter earnings for 2023 on September 6, with total revenue of USD 224.2 million, representing a 1.9% increase from the same period last year. Unfortunately, net income decreased by 13.7% to USD 27.0 million year on year. This news caused the stock price to drop the same day.
Investors should take note of these results when considering whether to invest in PHOTRONICS. It is important to examine the company’s financials, as well as factors such as current trends and market conditions, before making any investment decisions.