- AEM's FY24 NPAT of S$11.6m is better than we expected. Management is expecting S$155-170m revenue for 1H25, which is lower than we projected but management is expecting a stronger 2H25.
- - Read this at SGinvestors.io -
2H25 likely stronger than 1H25
- Revenue from its key customer is likely to drop after it already pulled in FY25 system orders in 4Q24 for inventory management purposes. 1H25 revenue guidance came in lower than expected at S$155m-170m.
- AEM's management remains optimistic for a stronger 2H25 as certain products for new customers are expected to ramp up in late 2025.
Still transitioning
- - Read this at SGinvestors.io -
- The growth prospects remain positive as it will continue to develop next generation capabilities to support upcoming AI and GDDR7 devices that are expected to ramp up in late 2025.
Still a few quarters too early
- Read more at SGinvestors.io.
