Genetec quarterly analysis

In this quarter, Genetec's profits have declined compared to the same period last year, but net income has increased.

In the latest quarter, Genetec's revenue and net income reached 76.9 million and 23.3 million, respectively.

The management believes that renewable energy and electric vehicles are expected to continue to contribute to the company's revenue.

Genetec is also actively exploring the commercial opportunities of its battery energy storage system (MYBESS).

The company management expressed confidence in delivering strong profits in the remaining quarters of the fiscal year 2024.

Genetec specializes in automation on the assembly line.

Greatec is its competitor.

The teacher believes that if major US companies have indicated a slowdown in electric vehicle sales recently, caution should be exercised.

Everyone still needs to pay attention to electric vehicle sales, in case there is a decline.

Genetec's profits will also be affected.