Pixie Dust Technologies, Inc.
Revenue & EPS Beat / Products Gaining Traction Quickly
Published: 8/29/2024
Author: FRC Analysts
Sector: Technology | Industry: Consumer Electronics
Ticker Symbols:PXDT - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $1.31 |
| Fair Value | US $4.45 |
| Risk | 4 |
| 52 Week Range | US $1.13-10.39 |
| Shares O/S (M) | 15 |
| Market Cap. (M) | US $19 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 2.0 |
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Report Highlights
- In FY2024 (12 months ended April 2024), Pixie generated 993M yen ($6.3M) in revenue, up 41% YoY, beating our estimate by 10%, driven by stronger unit sales of its flagship SonoRepro and kikippa products.
- EBITDA and EPS remained negative, and worsened slightly, due to a 20% increase in G&A expenses, driven by higher marketing expenses. 2024 EPS was 7% higher than our estimate.
- Pixie has six commercialized products (all launched in the past two years), and several others in R&D stages. One of its flagship products promotes hair growth and mitigates hair loss (So
