全年业绩扭亏为盈，新业务布局推动公司长期稳定发展

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock price over the next six months [1][6][11] Core Insights - The company achieved a significant turnaround in 2023, reporting a revenue of $85.58 million, a year-on-year growth of 19.75%, and a net profit of $2.81 million, reflecting a 114.16% increase compared to the previous year [1][2] - The recovery in the international data connectivity business, particularly in China and Japan, has been a key driver of growth, alongside the expansion of new business applications in IoT and data connectivity solutions [2][3] - The company is actively promoting new application scenarios and products, aiming to enhance user experience and expand market share, with a focus on integrating technology into daily life [3] Financial Summary - Revenue projections for 2024 are estimated between $95 million and $112 million, representing a year-on-year growth of 11.0% to 30.8% [3] - The company expects to generate a net profit of $5.29 million in 2024, with EPS forecasted at $0.14 [6] - The financial metrics indicate a positive trend, with a projected ROE of 24.80% in 2024 and a decreasing P/E ratio from 22.89 in 2023 to 12.16 in 2024 [1][6]