Summary by Moomoo AI
Cowell announced results for the year ended December 31, 2023 with revenues of approximately $923.8 million, down approximately 17.23% from the previous year. For the same period, the Company's shareholders accounted for net profit of approximately $46.6 million, a decrease of approximately 44.74%, and basic earnings per share of 5.5 cents, a decrease of approximately 45.54%. The company said the decline in revenue and profit was mainly due to lower customer orders. Despite global economic challenges, the company focuses on product enhancements and technological innovation and plans to launch new products in 2024. The Board of Directors recommends that no dividend be paid to ensure that the funds can withstand market changes and new product development. The company's total assets increased to $943.3 million from $631.2 million in 2022, and total equity increased from $360.6 million to $415.2 million. The company will continue to invest in R&D and talent development to strengthen its market position in the field of optics.
