Algoltek, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:01 pm
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Algoltek, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 106.37 million compared to TWD 74.68 million a year ago. Net loss was TWD 60.54 million compared to TWD 3.18 million a year ago. Basic loss per share from continuing operations was TWD 1.37 compared to TWD 0.19 a year ago. Diluted loss per share from continuing operations was TWD 1.37 compared to TWD 0.19 a year ago.
For the nine months, sales was TWD 231.17 million compared to TWD 364.53 million a year ago. Net loss was TWD 174.33 million compared to net income of TWD 22.15 million a year ago. Basic loss per share from continuing operations was TWD 4.94 compared to basic earnings per share from continuing operations of TWD 1.31 a year ago. Diluted loss per share from continuing operations was TWD 4.94 compared to diluted earnings per share from continuing operations of TWD 1.28 a year ago.
ALGOLTEK, INC. is a Taiwan-based company mainly engaged in development and sale of multimedia video conversion control chips and other control chips. The Company's main products are multi-media digital video conversion products based on special application integrated circuit chips, including video graphics array (VGA), high-definition multimedia interface (HDMI), DisplayPort, and Type-C. The products mainly apply for personal computers (PC), notebook computers (NB), displays and related peripheral products, consumer electronics, and multimedia transmission systems. Its main products are divided into two categories. Integrated circuit (IC) chips provide product manufacturer-specific functions. Intellectual property (IP) is designed and verified for integrated circuits that can be reused and have specific functions.
ALGOLTEK, INC. 