Artec Technologies Stock
€2.16
Your prediction
Artec Technologies Stock
Pros and Cons of Artec Technologies in the next few years
Pros
Cons
Performance of Artec Technologies vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Artec Technologies | 0.000% | 0.000% | 14.286% | 17.391% | 17.391% | -44.898% | -53.548% |
| Hyrican Informationssysteme AG | - | 0.000% | 0.000% | 74.194% | 10.656% | 35.000% | 74.194% |
| Wacom Co Ltd | -0.570% | 1.156% | -4.891% | -24.569% | -16.667% | -32.692% | -0.962% |
| Elecom Co Ltd | 4.570% | 6.395% | 0.549% | 8.284% | -17.568% | -46.802% | -68.915% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon an initial overview of the financial statements provided from artec in the Computers, Phones & Household Electronics industry, the company appears to have experienced some financial difficulties recently. However, there seems to be some significant positive aspects as well. In the following paragraphs, a more in-depth analysis of the financials of the company will be provided by examining its strengths and weaknesses.
Gross Profit Growth: Gross profits for the company have increased steadily over the past few years, going from €2,409,665.78 in 2020 to €2,019,627.96 in 2022. This is a strong indication that artec is generating more revenue compared to its cost of goods sold, leading to better operational efficiency.
Decrease in Selling, General, and Administrative (SG&A) Expenses: The company's SG&A expenses decreased from €1,472,460 in 2020 to €1,303,580 in 2022, suggesting that artec has managed to reduce its overhead costs and streamline its operations.
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EQS-News: artec technologies AG: AI-supported open source technology proves its worth in crisis situations
