BoardWare Intelligence Technology Limited ( (HK:1204) ) has shared an announcement.
BoardWare Intelligence Technology Limited has issued a profit warning, anticipating a decrease of up to 90% in profit before tax for FY2024 compared to the previous year. This decline is attributed to increased R&D, administrative, and distribution expenses, although partially offset by higher gross profit margins from managed services and increased government grants for R&D. The company views its R&D investments as strategic for future growth, aiming to enhance its market position and create long-term shareholder value.
More about BoardWare Intelligence Technology Limited
BoardWare Intelligence Technology Limited operates in the technology industry, focusing on the development of Brain-Computer Interface and Artificial Intelligence technologies. The company is investing heavily in research and development to maintain its technological edge and drive long-term growth.
YTD Price Performance: -37.63%
Average Trading Volume: 79,837
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$965M
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