(Reuters) -British single-board computer (SBC) maker Raspberry Pi narrowly beat annual core profit expectations on Wednesday, helped by sales of its flagship Raspberry Pi5 as well as its semiconductor units.
The group, which went public in June last year, produces low-cost SBCs, accessories, and microcontrollers. Its SBCs are used in smart-home systems, robotics and automated systems, and video game emulators.
It reported core earnings of $37.2 million for the year ended December 31, 2024, compared with a company-compiled consensus estimate of $36.6 million, but 15% lower than 2023, as inventory issues dented its second and third quarter profits.
Raspberry Pi forecast “sustainable” sales growth for 2025 and a steady build-up in demand throughout the year.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Rashmi Aich)
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