iWOW Technology (Catalist:NXR) has just released its full-year financial report for 2024. The company reported a revenue of S$47.0m, which is an impressive increase of 84% compared to FY 2023. However, there was a decrease in net income by 22%, resulting in a profit margin of only 5.9%, down from the previous year’s 14%. This decline in profit margin was attributed to higher expenses.
Despite these positive results, investors should be aware that there are four warning signs for the company, with two being potentially serious risks. It is crucial to carefully consider these risks before investing in iWOW Technology shares.
As shown in the chart above, iWOW Technology shares have increased by 6.1% over the past week compared to their price a week ago. Despite this growth, it is important to note that there are other factors that could affect the stock’s performance in the future. Therefore, it is essential to keep a close eye on any developments related to the company and stay informed about any changes that may occur.
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In conclusion, while iWOW Technology has had a strong year financially with impressive revenue growth and positive stock performance over the past week, investors should also be aware of potential risks and keep track of future developments related to the company before making investment decisions.
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