Income Statement Pacific Image Electronics Co., Ltd.

Stocks

6228

TW0006228000

Computer Hardware

End-of-day quote Taipei Exchange Other stock markets 30/07/2026			5-day change	1st Jan Change
17.50 ^TWD	-4.11%		-6.17%	-33.59%

05-11	Pacific Image Electronics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-12	Pacific Image Electronics Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: PACIFIC IMAGE ELECTRONICS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	190M	45.96M	34.18M	42.74M	51.27M
Total Revenues	190M	45.96M	34.18M	42.74M	51.27M
Cost of Goods Sold, Total	138M	30.51M	22.09M	30.42M	22.37M
Gross Profit	51.39M	15.45M	12.09M	12.32M	28.9M
Selling General & Admin Expenses, Total	40.01M	32.28M	33.58M	32.2M	30.8M
R&D Expenses	11.93M	11.63M	10.41M	9.12M	6.68M
Other Operating Expenses, Total	51.95M	43.91M	43.99M	41.32M	37.48M
Operating Income	-557K	-28.46M	-31.9M	-29M	-8.58M
Interest Expense, Total	-2.3M	-2.53M	-2.53M	-2.1M	-2.67M
Interest And Investment Income	154K	156K	907K	2.55M	2.42M
Net Interest Expenses	-2.14M	-2.38M	-1.63M	454K	-249K
Currency Exchange Gains (Loss)	-3.09M	7.52M	-246K	4.59M	-1.9M
Other Non Operating Income (Expenses)	1.44M	1.3M	3.06M	1.85M	1.58M
EBT, Excl. Unusual Items	-4.35M	-22M	-30.71M	-22.11M	-9.14M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	-4.35M	-22M	-30.71M	-22.11M	-9.14M
Income Tax Expense	886K	3.58M	2.73M	26K	2.98M
Earnings From Continuing Operations	-5.24M	-25.58M	-33.44M	-22.13M	-12.13M
Net Income to Company	-5.24M	-25.58M	-33.44M	-22.13M	-12.13M
Net Income - (IS)	-5.24M	-25.58M	-33.44M	-22.13M	-12.13M
Net Income to Common Incl Extra Items	-5.24M	-25.58M	-33.44M	-22.13M	-12.13M
Net Income to Common Excl. Extra Items	-5.24M	-25.58M	-33.44M	-22.13M	-12.13M
Per Share Items
Net EPS - Basic	-0.27	-1.27	-1.51	-0.86	-0.47
Basic EPS - Continuing Operations	-0.27	-1.27	-1.51	-0.86	-0.47
Basic Weighted Average Shares Outstanding	19.56M	20.12M	22.21M	25.8M	26M
Net EPS - Diluted	-0.27	-1.27	-1.51	-0.86	-0.47
Diluted EPS - Continuing Operations	-0.27	-1.27	-1.51	-0.86	-0.47
Diluted Weighted Average Shares Outstanding	19.56M	20.12M	22.21M	25.8M	26M
Normalized Basic EPS	-0.14	-0.68	-0.86	-0.54	-0.22
Normalized Diluted EPS	-0.14	-0.68	-0.86	-0.54	-0.22
Supplemental Items
EBITDA	3.67M	-24.45M	-28.02M	-25.5M	-5.03M
EBITA	-557K	-28.46M	-31.9M	-29M	-8.58M
EBIT	-557K	-28.46M	-31.9M	-29M	-8.58M
Effective Tax Rate - (Ratio)	-20.35	-16.28	-8.89	-0.12	-32.64
Total Current Taxes	23K	24K	25K	26K	25K
Total Deferred Taxes	863K	3.56M	2.7M	-	2.96M
Normalized Net Income	-2.72M	-13.75M	-19.2M	-13.82M	-5.72M
Non-Cash Pension Expense	6K	6K	3K	3K	-31K
Supplemental Operating Expense Items
Selling and Marketing Expenses	16.67M	9.71M	10.28M	10.27M	8.31M
General and Administrative Expenses	23.34M	22.57M	23.29M	21.93M	22.49M
Research And Development Expense From Footnotes	11.93M	11.63M	10.41M	9.12M	6.68M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	76.23M	38.39M	37.07M	61.82M	50.92M
Short Term Investments	11.05M	3.07M	3.06M	3.27M	3.14M
Total Cash And Short Term Investments	87.28M	41.46M	40.13M	65.1M	54.06M
Accounts Receivable, Total	42.52M	6.22M	3.21M	2.34M	5.92M
Other Receivables	202K	7.58M	11.9M	3.89M	700K
Total Receivables	42.72M	13.79M	15.11M	6.23M	6.62M
Inventory	36.86M	44.82M	45.11M	40.63M	43.01M
Prepaid Expenses	4.81M	626K	5.07M	738K	679K
Other Current Assets, Total	11.47M	12.64M	21.89M	24.27M	51.68M
Total Current Assets	183M	113M	127M	137M	156M
Gross Property Plant And Equipment	336M	336M	336M	322M	323M
Accumulated Depreciation	-90.07M	-93.75M	-97.41M	-97.2M	-100M
Net Property Plant And Equipment	246M	242M	238M	225M	222M
Long-term Investments	19.2M	19.2M	19.2M	19.2M	-
Other Intangibles, Total	32K	58K	51K	33K	57K
Deferred Tax Assets Long-Term	23.06M	21.56M	18.8M	19.78M	16.46M
Other Long-Term Assets, Total	219K	242K	278K	13.26M	16.85M
Total Assets	471M	396M	404M	414M	412M
Liabilities
Accounts Payable, Total	43.03M	12.43M	10.73M	6.99M	3.5M
Accrued Expenses, Total	5.22M	5.09M	5.15M	5.34M	5.73M
Short-term Borrowings	90M	89.4M	89.2M	69.9M	107M
Current Portion of Long-Term Debt	13.96M	14.08M	13.41M	11.89M	12.12M
Current Income Taxes Payable	-	-	-	-	157K
Unearned Revenue Current, Total	13.61M	7.74M	14.01M	7.18M	14.37M
Other Current Liabilities	2.72M	2.16M	2.37M	3.12M	2.32M
Total Current Liabilities	169M	131M	135M	104M	145M
Long-Term Debt	72.11M	58.07M	44.73M	32.86M	20.74M
Pension & Other Post Retirement Benefits	1.04M	219K	234K	-	-
Deferred Tax Liability Non Current	413K	623K	489K	489K	787K
Other Non Current Liabilities	1.6M	1.3M	1.41M	1.71M	2.07M
Total Liabilities	244M	191M	182M	139M	169M
Common Stock, Total	400M	400M	226M	260M	260M
Additional Paid In Capital	1.56M	1.56M	1.96M	39.97M	39.97M
Retained Earnings	-183M	-207M	-17.23M	-37.11M	-49.07M
Comprehensive Income and Other	8.74M	10.99M	11.13M	12M	-7.69M
Total Common Equity	228M	205M	222M	275M	243M
Total Equity	228M	205M	222M	275M	243M
Total Liabilities And Equity	471M	396M	404M	414M	412M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.12M	20.12M	22.63M	26M	26M
ECS Total Common Shares Outstanding	20.12M	20.12M	22.63M	26M	26M
Book Value / Share	11.31	10.19	9.82	10.57	9.35
Tangible Book Value	228M	205M	222M	275M	243M
Tangible Book Value Per Share	11.31	10.19	9.81	10.57	9.35
Total Debt	176M	162M	147M	115M	140M
Net Debt	69.59M	101M	88M	30.35M	85.6M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.04M	219K	234K	-2.02M	-2.23M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.23M	25.21M	24.2M	23.84M	26.91M
Inventories - Work In Process, Total	10.17M	12.27M	10.68M	9.85M	11.48M
Inventories - Finished Goods, Total	7.47M	7.35M	10.23M	6.95M	4.62M
Land - (BS)	152M	152M	152M	152M	152M
Buildings, Total	110M	110M	94.92M	94.92M	94.92M
Machinery, Total	73.9M	73.72M	73.84M	75.06M	75.28M
Assets on Operating Lease - Gross	-	-	14.59M	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-3.27M	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	294K	326K	326K	348K	333K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-5.24M	-25.58M	-33.44M	-22.13M	-12.13M
Depreciation & Amortization - CF	4.22M	4.01M	3.87M	3.49M	3.54M
Depreciation & Amortization, Total	4.22M	4.01M	3.87M	3.49M	3.54M
Amortization of Deferred Charges, Total - (CF)	70K	69K	64K	76K	70K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	1.82M	-2.32M	3.38M	-4.37M	-3.38M
Change In Accounts Receivable	-30M	-1.2M	3.01M	1.44M	-3.58M
Change In Inventories	-1.37M	-7.99M	-289K	4.48M	6.39M
Change In Accounts Payable	25.44M	-366K	-1.18M	-138K	-225K
Change in Unearned Revenues	2.55M	-5.87M	6.27M	2.16M	7.19M
Change in Other Net Operating Assets	-1.41M	3.06M	-8.91M	264K	715K
Cash from Operations	-3.91M	-36.2M	-27.23M	-14.73M	-1.41M
Capital Expenditure	-3.14M	-146K	-330K	-615K	-1.15M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-54K	-95K	-57K	-58K	-94K
Investment in Marketable and Equity Securities, Total	-3.53M	6.73M	-9.33M	-961K	-28.36M
Other Investing Activities, Total	-	-	-35K	-12K	-3.75M
Cash from Investing	-6.73M	6.49M	-9.76M	-1.65M	-33.35M
Short Term Debt Issued, Total	176M	168M	273M	185M	219M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	176M	168M	273M	185M	219M
Short Term Debt Repaid, Total	-156M	-169M	-273M	-204M	-182M
Long-Term Debt Repaid, Total	-13.78M	-13.92M	-14.02M	-13.39M	-11.89M
Total Debt Repaid	-169M	-183M	-287M	-217M	-194M
Issuance of Common Stock	31.44M	-	50.4M	71.71M	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	38.16M	-14.52M	36.18M	39.03M	25.01M
Foreign Exchange Rate Adjustments	-3M	6.39M	-518K	2.1M	-1.15M
Net Change in Cash	24.53M	-37.84M	-1.32M	24.75M	-10.9M
Supplemental Items
Cash Interest Paid	2.3M	2.53M	2.53M	2.1M	2.67M
Cash Income Tax Paid (Refund)	23K	24K	26K	89K	160K
Levered Free Cash Flow	-4.65M	-28.72M	-28.42M	-10.87M	-31.31M
Unlevered Free Cash Flow	-3.21M	-27.14M	-26.84M	-9.56M	-29.65M
Change In Net Working Capital	3.96M	13.19M	10.46M	-5.67M	26.66M
Net Debt Issued / Repaid	6.72M	-14.52M	-14.22M	-32.69M	25.01M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.08	-4.1	-4.98	-4.48	-1.3
Return on Total Capital	-0.09	-4.62	-5.42	-4.78	-1.39
Return On Equity %	-2.44	-11.83	-15.65	-8.91	-4.68
Return on Common Equity	-2.44	-11.83	-15.65	-8.91	-4.68
Margin Analysis
Gross Profit Margin %	27.08	33.62	35.38	28.82	56.37
SG&A Margin	21.09	70.23	98.24	75.33	60.08
EBITDA Margin %	1.93	-53.19	-81.98	-59.67	-9.82
EBITA Margin %	-0.29	-61.91	-93.31	-67.85	-16.73
EBIT Margin %	-0.29	-61.91	-93.31	-67.85	-16.73
Income From Continuing Operations Margin %	-2.76	-55.66	-97.84	-51.78	-23.66
Net Income Margin %	-2.76	-55.66	-97.84	-51.78	-23.66
Net Avail. For Common Margin %	-2.76	-55.66	-97.84	-51.78	-23.66
Normalized Net Income Margin	-1.43	-29.92	-56.16	-32.33	-11.15
Levered Free Cash Flow Margin	-2.45	-62.49	-83.15	-25.42	-61.07
Unlevered Free Cash Flow Margin	-1.69	-59.05	-78.52	-22.36	-57.82
Asset Turnover
Asset Turnover	0.43	0.11	0.09	0.11	0.12
Fixed Assets Turnover	0.77	0.19	0.14	0.18	0.23
Receivables Turnover (Average Receivables)	6.9	8.16	7.25	14	12.42
Inventory Turnover (Average Inventory)	3.82	0.75	0.49	0.71	0.53
Short Term Liquidity
Current Ratio	1.09	0.87	0.94	1.31	1.08
Quick Ratio	0.77	0.42	0.41	0.68	0.42
Operating Cash Flow to Current Liabilities	-0.02	-0.28	-0.2	-0.14	-0.01
Days Sales Outstanding (Average Receivables)	52.92	44.73	50.32	26.14	29.38
Days Outstanding Inventory (Average Inventory)	95.43	488.64	743.11	515.82	682.45
Average Days Payable Outstanding	75.91	263.04	188.84	124.99	77.38
Cash Conversion Cycle (Average Days)	72.45	270.32	604.58	416.97	634.45
Long Term Solvency
Total Debt/Equity	77.36	78.78	66.32	41.71	57.42
Total Debt / Total Capital	43.62	44.06	39.87	29.43	36.48
LT Debt/Equity	31.68	28.32	20.13	11.95	8.53
Long-Term Debt / Total Capital	17.86	15.84	12.11	8.44	5.42
Total Liabilities / Total Assets	51.71	48.24	44.99	33.66	40.94
EBIT / Interest Expense	-0.24	-11.24	-12.59	-13.84	-3.22
EBITDA / Interest Expense	1.6	-9.66	-11.06	-12.17	-1.89
(EBITDA - Capex) / Interest Expense	0.23	-9.71	-11.19	-12.47	-2.32
Total Debt / EBITDA	48	-6.61	-5.26	-4.5	-27.74
Net Debt / EBITDA	18.97	-4.13	-3.14	-1.19	-17
Total Debt / (EBITDA - Capex)	335.38	-6.57	-5.2	-4.39	-22.58
Net Debt / (EBITDA - Capex)	132.55	-4.1	-3.1	-1.16	-13.84
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	101.75	-53.3	-25.63	25.04	19.96
Gross Profit, 1 Yr. Growth %	173.27	-69.93	-21.75	1.87	134.62
EBITDA, 1 Yr. Growth %	-118.44	-766.55	14.62	-8.99	-80.26
EBITA, 1 Yr. Growth %	-97.89	5.01K	12.09	-9.09	-70.42
EBIT, 1 Yr. Growth %	-97.89	5.01K	12.09	-9.09	-70.42
Earnings From Cont. Operations, 1 Yr. Growth %	-81.84	388.24	30.71	-33.82	-45.2
Net Income, 1 Yr. Growth %	-81.84	388.24	30.71	-33.82	-45.2
Normalized Net Income, 1 Yr. Growth %	-84.48	405.35	39.59	-28.02	-58.64
Diluted EPS Before Extra, 1 Yr. Growth %	-84.24	375.15	18.73	-43.05	-45.35
Accounts Receivable, 1 Yr. Growth %	239.96	23.16	-48.42	-38.05	153.49
Inventory, 1 Yr. Growth %	3.87	21.61	0.64	-9.93	5.85
Net Property, Plant and Equip., 1 Yr. Growth %	-0.44	-1.57	-1.47	-5.52	-1.2
Total Assets, 1 Yr. Growth %	15.1	-15.94	1.94	4.92	-0.61
Tangible Book Value, 1 Yr. Growth %	12.92	-9.91	8.34	23.74	-11.53
Common Equity, 1 Yr. Growth %	12.91	-9.89	8.33	23.72	-11.52
Cash From Operations, 1 Yr. Growth %	-277.37	825.49	-24.77	-45.91	-90.4
Capital Expenditures, 1 Yr. Growth %	14.19K	-95.35	126.03	86.36	86.99
Levered Free Cash Flow, 1 Yr. Growth %	-186.22	517.93	-1.05	-61.77	188.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-146.21	744.97	-1.11	-64.4	210.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	71.43	-30.09	-41.07	-3.57	22.47
Gross Profit, 2 Yr. CAGR %	59.06	-9.35	-51.49	-10.72	54.6
EBITDA, 2 Yr. CAGR %	-58.44	10.87	176.4	2.13	-57.62
EBITA, 2 Yr. CAGR %	-85.71	3.79	656.73	0.95	-48.14
EBIT, 2 Yr. CAGR %	-85.71	3.79	656.73	0.95	-48.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-58.24	-5.83	152.63	-6.99	-39.78
Net Income, 2 Yr. CAGR %	-58.24	-5.83	152.63	-6.99	-39.78
Normalized Net Income, 2 Yr. CAGR %	-62.05	-11.45	165.59	0.23	-45.44
Diluted EPS Before Extra, 2 Yr. CAGR %	-63.89	-13.47	137.44	-17.77	-44.21
Accounts Receivable, 2 Yr. CAGR %	176.98	-29.49	-20.29	-38.72	25.32
Inventory, 2 Yr. CAGR %	-11.59	12.39	10.63	-4.79	-2.36
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.51	-1.01	-1.52	-3.51	-3.39
Total Assets, 2 Yr. CAGR %	8.34	-1.63	-7.43	2.26	2.12
Tangible Book Value, 2 Yr. CAGR %	7.66	0.86	-1.21	15.78	4.63
Common Equity, 2 Yr. CAGR %	7.65	0.86	-1.2	15.77	4.63
Cash From Operations, 2 Yr. CAGR %	-57.81	305.16	163.86	-36.21	-77.21
Capital Expenditures, 2 Yr. CAGR %	225.86	157.61	-67.6	105.24	86.68
Levered Free Cash Flow, 2 Yr. CAGR %	-37.37	130.82	147.28	-38.5	4.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	-43.87	97.6	189.06	-40.66	5.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	35.67	-10.71	-28.64	-24.28	3.71
Gross Profit, 3 Yr. CAGR %	32.75	-8.71	-13.68	-37.88	23.21
EBITDA, 3 Yr. CAGR %	-47.73	4.8	12.11	90.86	-40.95
EBITA, 3 Yr. CAGR %	-74.02	1.43	6.48	273.39	-32.95
EBIT, 3 Yr. CAGR %	-74.02	1.43	6.48	273.39	-32.95
Earnings From Cont. Operations, 3 Yr. CAGR %	-43.5	-5.22	5.05	61.65	-22.03
Net Income, 3 Yr. CAGR %	-43.5	-5.22	5.05	61.65	-22.03
Normalized Net Income, 3 Yr. CAGR %	-47.93	-10.05	3.05	71.87	-25.38
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.37	-14.75	-3.86	47.53	-28.24
Accounts Receivable, 3 Yr. CAGR %	95.56	3.91	-36.47	-22.66	-1.62
Inventory, 3 Yr. CAGR %	-13.5	-1.68	8.33	3.3	-1.37
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.75	-1.53	-1.16	-2.87	-2.75
Total Assets, 3 Yr. CAGR %	3.79	-0.44	-0.46	-4.2	1.3
Tangible Book Value, 3 Yr. CAGR %	4.56	1.46	3.29	6.49	5.85
Common Equity, 3 Yr. CAGR %	4.56	1.45	3.29	6.49	5.85
Cash From Operations, 3 Yr. CAGR %	-50.96	18.11	131.14	55.58	-66.07
Capital Expenditures, 3 Yr. CAGR %	-41.79	-20.99	146.62	-41.94	98.97
Levered Free Cash Flow, 3 Yr. CAGR %	-53.46	34.33	74.04	32.71	2.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-58.39	38.59	56.88	43.82	2.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.87	-16.84	-14.76	-7.92	-11.43
Gross Profit, 5 Yr. CAGR %	4.24	-15.63	-11.25	-9.52	8.98
EBITDA, 5 Yr. CAGR %	-27.56	2.94	1.76	3.73	-24.03
EBITA, 5 Yr. CAGR %	-52.84	1.59	0.08	1.23	-20.15
EBIT, 5 Yr. CAGR %	-52.84	1.59	0.08	1.23	-20.15
Earnings From Cont. Operations, 5 Yr. CAGR %	-31.63	-5.29	2.85	-5.93	-15.91
Net Income, 5 Yr. CAGR %	-31.63	-5.29	2.85	-5.93	-15.91
Normalized Net Income, 5 Yr. CAGR %	-31.07	-6.13	-0.08	-6.07	-20.09
Diluted EPS Before Extra, 5 Yr. CAGR %	-39.44	-15.83	-6.05	-15.98	-22.67
Accounts Receivable, 5 Yr. CAGR %	41.75	-3.86	-10.82	-15.88	-13.9
Inventory, 5 Yr. CAGR %	-9.04	-5.91	-4.55	-2.93	3.92
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.35	-0.6	-1.65	-2.33	-2.06
Total Assets, 5 Yr. CAGR %	3.13	-1.06	-0.85	0.63	0.11
Tangible Book Value, 5 Yr. CAGR %	3.38	-0.49	2.22	6.96	3.83
Common Equity, 5 Yr. CAGR %	3.37	-0.49	2.22	6.95	3.83
Cash From Operations, 5 Yr. CAGR %	-31.98	21.12	-3.86	-7.68	-8.5
Capital Expenditures, 5 Yr. CAGR %	8.68	-49.22	-53.95	15.75	120.63
Levered Free Cash Flow, 5 Yr. CAGR %	-26.92	29.09	-9.22	-1.72	42.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-31.17	33.67	-9.65	-1.29	33.65