Earnings for 2HFY2023 dropped 89.5% y-o-y to $372,000, resulting in a full-year bottom line of $4.95 million, down 66.1% over the preceding year.
ISDN Holding's FY2023 numbers came in below his expectations but William Tng of CGS International, citing better demand seen this year and next, has upgraded his call on this counter from "reduce" to "hold".
For 2HFY2023 ended Dec 2023, ISDN's revenue dropped 7.8% y-o-y to $341.8 million, bringing full-year revenue to $341.8 million, down 7.8% over FY2022.
