PAPAGO Inc.

PAPAGO Inc.

TTPEX:3632
12.00
TWD
-0.25
(-2.04%)
-0.24EPS
602.66MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
39.7
40.77
61.7
34.61
30.76
22.05
15.26
9.97
8.6
9.27
9.62
9.09
6.48
7.86
Basic EPS, GAAP
0.53
-2.46
1.95
-4
-1.74
-1.74
-4.16
-4.99
-0.71
0.07
0.11
-0.29
-0.38
-0.25
Free Cash Flow per Basic Share
-6.5
-6
-4.28
-4.26
-5.24
-2.8
1.45
-1.51
-0.9
-0.29
0.6
-0.14
0.26
-0.42
Dividend per Share
0.17
0.33
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
19.79
16.6
18.16
13.51
15.19
13.63
9.22
4.23
3.48
3.57
3.62
3.31
2.93
2.83
Tangible Book Value per Share
19.17
16.02
18.05
13.1
14.99
13.55
9.16
4.23
3.48
3.57
3.62
3.31
2.91
2.82
Basic Weighted Avg Shares
24
24
24
22
24
34
41
41
41
41
41
41
41
36
Sales/Revenue/Turnover
967
994
1,491
755
750
755
624
408
351
379
393
372
265
283
Operating Margin (%)
1.1
-6.47
5.37
-13.86
-9.44
-11.4
-24.45
-34.18
-39.46
-5.13
1.75
-4.53
-5.34
-2.68
Depreciation Expense
11
9
9
8
13
22
30
23
25
22
18
18
20
20
Net Income, GAAP
13
-60
47
-87
-42
-60
-170
-204
-29
3
4
-12
-16
-9
Effective Tax Rate (%)
13.22
- -
24.1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
1.33
-6.03
3.17
-11.57
-5.65
-7.9
-27.23
-50.11
-8.23
0.76
1.13
-3.22
-5.88
-3.23
Working Capital
383
532
452
254
548
367
175
73
35
60
57
25
3
-7
LT Debt
104
468
359
334
434
231
234
265
97
88
82
88
81
99
Total Equity
516
484
462
346
580
629
437
219
174
168
173
149
134
127
Return on Invested Capital (%)
0.97
- -
5.84
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
1.93
- -
4.81
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
2.71
-13.28
10.96
-22.29
-9.95
-11.09
-36.36
-74.29
-18.35
2
3.01
-8.46
-12.21
-7.64

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
36
35
51
LT Borrowings
58
61
60
LT Finance Leases
23
16
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
730
730
603

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
96
96
95
Cash, Cash Equivalents & STI
28
20
8
Accounts Receivable, Net
23
23
28
Inventories
30
33
40
Total Current Liabilities
93
85
102
Payables & Accruals
- -
- -
- -
ST Debt
36
35
51
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.42%
-8.95%
-9.97%
Free Cash Flow
-118.44%
-164.09%
-286.03%
Net Income, GAAP
-57.32%
-96.54%
30.06%
Sales/Revenue/Turnover
-13.78%
-7.28%
-28.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
90
96
100
86
372
2025
64
60
60
81
265
2026
73
70
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.11
0.04
-0.45
-0.29
2025
-0.08
-0.19
-0.16
0.09
-0.38
2026
0.06
-0.18
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chun Fu Chen
Full Time Employees
176
Sector
Technology services
Industry
Information technology services
Address
No. 200, Gangqian Road Taipei TPE Taiwan 11494
IPO Date
Aug 8, 2008
Business
Papago Inc. Papago Inc. (3632.TWO) develops and sells software and hardware for satellite navigation systems, AI image recognition solutions, and in-vehicle communication devices in Taiwan and internationally. The company offers face recognition solutions under the Face8 brand, including attendance systems, access control, gym management, and construction site controls; license plate recognition and voice recognition technologies; electronic signage and digital kiosk products such as FarBar advertising machines and electronic billboards; satellite navigation products encompassing handheld and car-mounted navigation systems with Map8 electronic maps; driving recorders, rearview mirror dashcams, and car-mounted Android phones; smart life products; and additional offerings like craft beer retail through Zhangmen brand. Papago Inc. sells its products through online platforms, retail stores, and distributors, targeting consumer, enterprise, and industrial customers in sectors including automotive safety, security, and advertising. Founded in 1990 and headquartered in Taipei, Taiwan, the company maintains branches in Japan, Hong Kong, the United States, and China, and listed on the Taipei Exchange in 2011. Recent developments include expansions in AI applications such as dynamic license plate recognition and deepened focus on Southeast Asian markets for image recognition; strengthened cloud integration for kiosks; launches of truck navigation, fleet management systems, and high-resolution electronic rearview mirror dashcams; and ongoing improvements in gross margins to 48% in Q3 2022 alongside operational profitability turns in craft beer segments in Taiwan and Hong Kong.