Array Networks, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 02:04 pm
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Array Networks, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 124.572 million compared to TWD 132.149 million a year ago. Operating loss was TWD 32.046 million compared to TWD 1.715 million a year ago. Net loss was TWD 30.250 million compared to net income of TWD 158,000 a year ago. Basic loss per share was TWD 0.61 compared to basic earnings per share of TWD 0.01 a year ago. For the nine months, sales was TWD 343.380 million compared to TWD 328.455 million a year ago. Operating loss was TWD 120.856 million compared to TWD 56.886 million a year ago. Net loss was TWD 123.608 million compared to TWD 58.876 million a year ago. Basic loss per share was TWD 2.45 compared to TWD 1.15 a year ago.
Array Inc. is a network functions platform company. The Company is engaged in network hyperconverged infrastructure (N-HCI) business. The Company develops purpose-built systems for deploying virtual app delivery, networking and security functions. The Company and its subsidiaries mainly engaged in the research, manufacturing and sale of application delivery controllers, high-end secure sockets layer virtual private network (SSL VPN) systems, remote desktop access solutions, application acceleration and wide area network (WAN) optimization controllers. Its application delivery and security products, such as the application delivery controllers (ADCs), and SSL VPN are available in both cloud and virtual versions, as well as a dedicated hardware version, to assist business users in improving the performance, availability, security and connectivity to applications. Its subsidiaries include Array Networks, Inc., Zentry Security Inc., Array Networks Japan Kabishiki Kaisha and others.
ARRAY INC. 
