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Silicom Ltd. Reports 2024 Financial Results with Increased Income Taxes

Story Highlights
  • Silicom Ltd. focuses on networking and data infrastructure solutions for data centers and cloud computing.
  • The company reported increased income taxes for 2024, with effective internal control and critical audit matters noted.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Silicom Ltd. Reports 2024 Financial Results with Increased Income Taxes

The latest announcement is out from Silicom ( (SILC) ).

Silicom Ltd. has filed its audited Consolidated Financial Statements for the year ending December 31, 2024, reporting income taxes of $2,391 thousand, a significant increase from the $687 thousand reported in unaudited results. The filing also includes a review of the company’s operations and financial condition, highlighting effective internal control over financial reporting and noting critical audit matters related to capitalized internally developed software costs.

More about Silicom

Silicom Ltd. operates in the technology industry, focusing on the development and provision of networking and data infrastructure solutions. The company is known for its products and services that cater to data centers, cloud computing, and cybersecurity markets.

YTD Price Performance: -1.76%

Average Trading Volume: 27,167

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $92.09M

For a thorough assessment of SILC stock, go to TipRanks’ Stock Analysis page.

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