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 🔹
- 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
