Array Networks, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 02:42 pm
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Array Networks, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 124.199 million compared to TWD 124.572 million a year ago. Operating loss was TWD 14.979 million compared to TWD 32.046 million a year ago. Net loss was TWD 19.656 million compared to TWD 30.250 million a year ago. Basic loss per share was TWD 0.4 compared to TWD 0.61 a year ago. For the nine months, total revenue was TWD 333.458 million compared to TWD 343.380 million a year ago. Operating loss was TWD 86.520 million compared to TWD 120.856 million a year ago. Net loss was TWD 98.508 million compared to TWD 123.608 million a year ago. Basic loss per share was TWD 2 compared to TWD 2.45 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. 
