Income Statement Avid Electronics Corp.

Stocks

6103

TW0006103005

Semiconductors

End-of-day quote Taipei Exchange 2026-09-04			5-day change	1st Jan Change
37.20 ^TWD	-9.27%		-20.85%	+2.06%

08-12	Avid Electronics Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-12	Avid Electronics Corp. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

2256bcf2e28a0d9a6605e23d.VwhP5-X8AA2hKBUrUdH4a5PDHpBVcw6bS6zErvcbiFM.O0031depX3znXUROIoTNAMmLeaMEFlTaG8-yz7R1wQATOyWuhIV5eIwdQA

Published financial data: AVID ELECTRONICS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Revenues	24.19M	77.38M	48.14M	54.88M	91.55M
Total Revenues	24.19M	77.38M	48.14M	54.88M	91.55M
Cost of Goods Sold, Total	19.59M	71.44M	43.53M	45.57M	78.74M
Gross Profit	4.61M	5.94M	4.61M	9.3M	12.82M
Selling General & Admin Expenses, Total	16.01M	15.1M	13.4M	13.36M	13.01M
Provision for Bad Debts	-868K	-	-	-	-
R&D Expenses	1.83M	1.67M	2.72M	1.84M	2.49M
Other Operating Expenses, Total	16.97M	16.77M	16.12M	15.2M	15.51M
Operating Income	-12.36M	-10.83M	-11.51M	-5.9M	-2.69M
Interest Expense, Total	-1.45M	-1.57M	-690K	-595K	-144K
Interest And Investment Income	29K	93K	3.44M	4.91M	3.96M
Net Interest Expenses	-1.42M	-1.48M	2.75M	4.32M	3.81M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-94K	354K	-710K	6.94M	-9.48M
Other Non Operating Income (Expenses)	307K	710K	1.64M	7.44M	2K
EBT, Excl. Unusual Items	-13.57M	-11.24M	-7.82M	12.8M	-8.35M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	19K	-	35.03M	-
Asset Writedown	-	-	138K	-	-
Legal Settlements	9.61M	-	-	-	-
Other Unusual Items	-	382K	381K	-20K	-
EBT, Incl. Unusual Items	-3.96M	-10.84M	-7.3M	47.81M	-8.35M
Income Tax Expense	-36K	-70K	-34K	1.5M	-769K
Earnings From Continuing Operations	-3.93M	-10.77M	-7.27M	46.32M	-7.58M
Net Income to Company	-3.93M	-10.77M	-7.27M	46.32M	-7.58M
Net Income - (IS)	-3.93M	-10.77M	-7.27M	46.32M	-7.58M
Net Income to Common Incl Extra Items	-3.93M	-10.77M	-7.27M	46.32M	-7.58M
Net Income to Common Excl. Extra Items	-3.93M	-10.77M	-7.27M	46.32M	-7.58M
Per Share Items
Net EPS - Basic	-0.29	-0.79	-0.53	3.4	-0.56
Basic EPS - Continuing Operations	-0.29	-0.79	-0.53	3.4	-0.56
Basic Weighted Average Shares Outstanding	13.6M	13.6M	13.6M	13.6M	13.6M
Net EPS - Diluted	-0.29	-0.79	-0.53	3.4	-0.56
Diluted EPS - Continuing Operations	-0.29	-0.79	-0.53	3.4	-0.56
Diluted Weighted Average Shares Outstanding	13.6M	13.6M	13.6M	13.6M	13.6M
Normalized Basic EPS	-0.62	-0.52	-0.36	0.59	-0.38
Normalized Diluted EPS	-0.62	-0.52	-0.36	0.59	-0.38
Dividend Per Share	-	-	-	0.19	-
Payout Ratio	-	-	-	-	-33.7
Supplemental Items
EBITDA	-11.58M	-10.05M	-10.73M	-5.4M	-2.48M
EBITA	-12.36M	-10.83M	-11.51M	-5.9M	-2.69M
EBIT	-12.36M	-10.83M	-11.51M	-5.9M	-2.69M
Effective Tax Rate - (Ratio)	0.91	0.65	0.47	3.13	9.21
Current Domestic Taxes	19K	-7K	17K	29K	541K
Total Current Taxes	19K	-7K	17K	29K	541K
Deferred Domestic Taxes	-55K	-63K	-51K	1.47M	-1.31M
Total Deferred Taxes	-55K	-63K	-51K	1.47M	-1.31M
Normalized Net Income	-8.48M	-7.03M	-4.89M	8M	-5.22M
Interest on Long-Term Debt	15K	9K	3K	93K	56K
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	909K	417K	1.31M	1.08M	1.28M
General and Administrative Expenses	15.1M	14.69M	12.1M	12.28M	11.73M
Research And Development Expense From Footnotes	1.83M	1.67M	2.72M	1.84M	2.49M

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Assets
Cash And Equivalents	5.6M	70.16M	52.3M	119M	50.4M
Short Term Investments	-	44.8M	51.12M	18.25M	53.2M
Total Cash And Short Term Investments	5.6M	115M	103M	138M	104M
Accounts Receivable, Total	7.24M	35.41M	22.14M	13.06M	16.24M
Other Receivables	169M	162K	100K	141K	132K
Total Receivables	177M	35.57M	22.24M	13.2M	16.37M
Inventory	8.32M	15.76M	8.5M	18.65M	32.98M
Prepaid Expenses	289K	450K	256K	477K	3.63M
Other Current Assets, Total	11.59M	11.61M	3.17M	3.56M	3.03M
Total Current Assets	202M	178M	138M	174M	160M
Gross Property Plant And Equipment	113M	6.84M	25.24M	5.05M	4.73M
Accumulated Depreciation	-96.24M	-	-14.07M	-4.42M	-4.31M
Net Property Plant And Equipment	16.72M	6.84M	11.17M	627K	418K
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	44K	195K	158K	-	-
Other Long-Term Assets, Total	274K	9.08M	8.63M	637K	450K
Total Assets	219M	194M	158M	175M	160M
Liabilities
Accounts Payable, Total	1.99M	2.86M	241K	580K	658K
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	67.92M	55.01M	25M	5K	5K
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	293K	300K	202K	737K	753K
Unearned Revenue Current, Total	5.54M	5.54M	5.54M	-	-
Other Current Liabilities	4.54M	4.1M	2.5M	5.53M	3.04M
Total Current Liabilities	80.28M	67.81M	33.48M	6.86M	4.45M
Long-Term Leases	299K	-	4.76M	1.52M	768K
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	-	88K	-	1.31M	-
Other Non Current Liabilities	2.02M	520K	520K	-	315K
Total Liabilities	82.6M	68.42M	38.76M	9.69M	5.54M
Common Stock, Total	894M	136M	136M	136M	136M
Retained Earnings	-758M	-10.77M	-18.04M	28.28M	18.13M
Comprehensive Income and Other	798K	775K	773K	783K	765K
Total Common Equity	137M	126M	119M	165M	155M
Total Equity	137M	126M	119M	165M	155M
Total Liabilities And Equity	219M	194M	158M	175M	160M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.6M	13.6M	13.6M	13.6M	13.6M
ECS Total Common Shares Outstanding	13.6M	13.6M	13.6M	13.6M	13.6M
Book Value / Share	10.06	9.27	8.73	12.14	11.39
Tangible Book Value	137M	126M	119M	165M	155M
Tangible Book Value Per Share	10.06	9.27	8.73	12.14	11.39
Total Debt	68.51M	55.31M	29.97M	2.26M	1.53M
Net Debt	62.91M	-59.65M	-73.45M	-135M	-102M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	1.47M	-	1.04M	3.08M
Inventories - Work In Process, Total	-	-	-	521K	478K
Inventories - Finished Goods, Total	8.32M	14.29M	8.5M	17.08M	29.43M
Buildings, Total	33.74M	6.53M	15.76M	-	-
Machinery, Total	78.65M	25K	4.52M	4.42M	4.31M
Accumulated Allowance for Doubtful Accounts (Supple)	392K	397K	391K	404K	406K

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Net Income	-3.93M	-10.77M	-7.27M	46.32M	-7.58M
Depreciation & Amortization - CF	1.07M	1.07M	1.07M	667K	209K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	1.07M	1.07M	1.07M	667K	209K
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-19K	-	-35.03M	-
Asset Writedown & Restructuring Costs	-	-	-138K	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-868K	-	-	-	-
Other Operating Activities, Total	-10.01M	-142K	-1.7M	-5.37M	-1.59M
Change In Accounts Receivable	-2.56M	-28.17M	13.27M	9.08M	-3.18M
Change In Inventories	-984K	-7.44M	8.64M	-9.47M	-13.82M
Change In Accounts Payable	-976K	872K	-2.62M	586K	78K
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	4.85M	122M	7.36M	1.86M	-4.73M
Cash from Operations	-13.41M	77.44M	18.6M	8.63M	-30.62M
Capital Expenditure	-	-	-	-	-
Sale of Property, Plant, and Equipment	-	19K	-	51.68M	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-44.8M	-6.19M	32.88M	-34.95M
Other Investing Activities, Total	-	6K	19K	-388K	187K
Cash from Investing	-	-44.78M	-6.17M	84.16M	-34.76M
Short Term Debt Issued, Total	-	25M	25M	-	-
Total Debt Issued	-	25M	25M	-	-
Short Term Debt Repaid, Total	-	-	-55M	-25M	-
Long-Term Debt Repaid, Total	-287K	-295K	-300K	-185K	-737K
Total Debt Repaid	-287K	-295K	-55.3M	-25.18M	-737K
Common Dividends Paid	-	-	-	-	-2.56M
Common & Preferred Stock Dividends Paid	-	-	-	-	-2.56M
Other Financing Activities, Total	16.08M	7.22M	-	-520K	-302K
Cash from Financing	15.79M	31.92M	-30.3M	-25.7M	-3.6M
Foreign Exchange Rate Adjustments	11K	-23K	-2K	10K	-18K
Net Change in Cash	2.39M	64.56M	-17.86M	67.1M	-68.99M
Supplemental Items
Cash Interest Paid	1.33M	1.66M	687K	639K	144K
Cash Income Tax Paid (Refund)	22K	-6K	271K	386K	263K
Levered Free Cash Flow	-5.11M	127M	18.44M	-7.28M	-23.49M
Unlevered Free Cash Flow	-4.2M	128M	18.88M	-6.91M	-23.4M
Change In Net Working Capital	-2.46M	-134M	-25M	3.89M	21.92M
Net Debt Issued / Repaid	-287K	24.7M	-30.3M	-25.18M	-737K

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Profitability
Return on Assets	-3.53	-3.27	-4.09	-2.22	-1
Return on Total Capital	-3.88	-3.5	-4.36	-2.33	-1.04
Return On Equity %	-2.83	-8.19	-5.94	32.63	-4.74
Return on Common Equity	-2.83	-8.19	-5.94	32.63	-4.74
Margin Analysis
Gross Profit Margin %	19.04	7.68	9.58	16.95	14
SG&A Margin	66.17	19.52	27.84	24.35	14.21
EBITDA Margin %	-47.86	-12.99	-22.29	-9.84	-2.71
EBITA Margin %	-51.09	-14	-23.91	-10.75	-2.94
EBIT Margin %	-51.09	-14	-23.91	-10.75	-2.94
Income From Continuing Operations Margin %	-16.24	-13.92	-15.1	84.4	-8.28
Net Income Margin %	-16.24	-13.92	-15.1	84.4	-8.28
Net Avail. For Common Margin %	-16.24	-13.92	-15.1	84.4	-8.28
Normalized Net Income Margin	-35.06	-9.08	-10.16	14.58	-5.7
Levered Free Cash Flow Margin	-21.1	164.35	38.31	-13.26	-25.65
Unlevered Free Cash Flow Margin	-17.35	165.62	39.21	-12.58	-25.55
Asset Turnover
Asset Turnover	0.11	0.37	0.27	0.33	0.55
Fixed Assets Turnover	1.4	6.57	5.34	9.3	175.22
Receivables Turnover (Average Receivables)	4.38	3.63	1.67	3.12	6.25
Inventory Turnover (Average Inventory)	2.58	5.93	3.59	3.36	3.05
Short Term Liquidity
Current Ratio	2.52	2.63	4.11	25.31	35.84
Quick Ratio	2.27	2.22	3.75	22	26.94
Operating Cash Flow to Current Liabilities	-0.17	1.14	0.56	1.26	-6.88
Days Sales Outstanding (Average Receivables)	83.26	100.58	218.14	117.38	58.41
Days Outstanding Inventory (Average Inventory)	141.43	61.51	101.71	109.02	119.67
Average Days Payable Outstanding	43.02	11.24	15.62	2.7	2.43
Cash Conversion Cycle (Average Days)	181.67	150.85	304.22	223.71	175.65
Long Term Solvency
Total Debt/Equity	50.06	43.88	25.23	1.37	0.98
Total Debt / Total Capital	33.36	30.5	20.15	1.35	0.98
LT Debt/Equity	0.22	-	4.01	0.92	0.5
Long-Term Debt / Total Capital	0.15	-	3.2	0.91	0.49
Total Liabilities / Total Assets	37.64	35.18	24.61	5.54	3.45
EBIT / Interest Expense	-8.51	-6.9	-16.68	-9.91	-18.69
EBITDA / Interest Expense	-7.77	-6.22	-15.13	-8.79	-15.79
(EBITDA - Capex) / Interest Expense	-7.77	-6.22	-15.13	-8.79	-15.79
Total Debt / EBITDA	-6.07	-5.67	-2.87	-0.43	-0.67
Net Debt / EBITDA	-5.57	6.11	7.03	25.88	44.89
Total Debt / (EBITDA - Capex)	-6.07	-5.67	-2.87	-0.43	-0.67
Net Debt / (EBITDA - Capex)	-5.57	6.11	7.03	25.88	44.89
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	74.86	219.81	-37.78	13.98	66.84
Gross Profit, 1 Yr. Growth %	30.03	28.96	-22.37	101.67	37.78
EBITDA, 1 Yr. Growth %	-91.06	-13.23	6.8	-49.71	-53.99
EBITA, 1 Yr. Growth %	-90.52	-12.39	6.29	-48.75	-54.37
EBIT, 1 Yr. Growth %	-90.52	-12.39	6.29	-48.75	-54.37
Earnings From Cont. Operations, 1 Yr. Growth %	-97.52	174.19	-32.49	-737	-116.37
Net Income, 1 Yr. Growth %	-97.52	174.19	-32.49	-737	-116.37
Normalized Net Income, 1 Yr. Growth %	-90.63	-17.18	-30.4	-263.6	-165.26
Diluted EPS Before Extra, 1 Yr. Growth %	-98.39	172.97	-32.49	-737	-116.37
Accounts Receivable, 1 Yr. Growth %	90.24	389.41	-37.48	-40.99	24.32
Inventory, 1 Yr. Growth %	21.17	89.5	-46.06	119.37	76.86
Net Property, Plant and Equip., 1 Yr. Growth %	-6	-59.08	63.27	-94.39	-33.33
Total Assets, 1 Yr. Growth %	0.26	-11.38	-18.99	10.95	-8.19
Tangible Book Value, 1 Yr. Growth %	-2.78	-7.89	-5.77	39	-6.15
Common Equity, 1 Yr. Growth %	-2.78	-7.89	-5.77	39	-6.15
Cash From Operations, 1 Yr. Growth %	-105.23	-677.42	-75.98	-53.63	-454.89
Levered Free Cash Flow, 1 Yr. Growth %	-101.62	-2.59K	-85.5	-139.46	197.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-101.32	-3.15K	-85.27	-136.59	210.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-88.73	136.48	41.06	-15.79	37.9
Gross Profit, 2 Yr. CAGR %	-73.49	29.49	0.05	25.12	66.69
EBITDA, 2 Yr. CAGR %	-35.55	-72.16	-3.74	-26.71	-51.9
EBITA, 2 Yr. CAGR %	-32.46	-71.18	-3.5	-26.19	-51.64
EBIT, 2 Yr. CAGR %	-32.46	-71.18	-3.5	-26.19	-51.64
Earnings From Cont. Operations, 2 Yr. CAGR %	-37.79	-73.93	36.05	107.38	2.13
Net Income, 2 Yr. CAGR %	-37.79	-73.93	36.05	107.38	2.13
Normalized Net Income, 2 Yr. CAGR %	8.12	-72.15	-24.07	6.71	3.33
Diluted EPS Before Extra, 2 Yr. CAGR %	-50.3	-78.96	35.75	107.38	2.13
Accounts Receivable, 2 Yr. CAGR %	-	205.14	74.92	-39.26	-14.35
Inventory, 2 Yr. CAGR %	68.36	51.53	1.11	8.78	96.97
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.75	-37.98	-18.26	-69.73	-80.66
Total Assets, 2 Yr. CAGR %	-40.8	-5.74	-15.27	-5.19	0.93
Tangible Book Value, 2 Yr. CAGR %	2.19	-5.37	-6.83	14.45	14.21
Common Equity, 2 Yr. CAGR %	2.18	-5.37	-6.83	14.45	14.21
Cash From Operations, 2 Yr. CAGR %	-71.38	-45.06	17.78	-66.62	28.28
Levered Free Cash Flow, 2 Yr. CAGR %	-81.81	-36.48	90.06	-76.08	12.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-84.25	-36.62	112.05	-76.79	11.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-77.04	-65.63	51.53	31.39	5.77
Gross Profit, 3 Yr. CAGR %	-59.72	-55.09	9.19	26.39	29.21
EBITDA, 3 Yr. CAGR %	-30.72	-28.84	-56.41	-22.47	-37.25
EBITA, 3 Yr. CAGR %	-28.66	-26.34	-55.47	-21.85	-37.12
EBIT, 3 Yr. CAGR %	-28.66	-26.34	-55.47	-21.85	-37.12
Earnings From Cont. Operations, 3 Yr. CAGR %	-36.3	1.99	-64.2	127.61	-11.03
Net Income, 3 Yr. CAGR %	-36.3	1.99	-64.2	127.61	-11.03
Normalized Net Income, 3 Yr. CAGR %	-1.96	-1.07	-62.2	-1.93	-9.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-45.15	-12.18	-68.97	127.27	-11.03
Accounts Receivable, 3 Yr. CAGR %	-38.06	-	79.89	21.77	-22.88
Inventory, 3 Yr. CAGR %	-59.69	75.13	7.4	30.89	27.91
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.3	-29.14	-14.36	-66.53	-60.62
Total Assets, 3 Yr. CAGR %	-34.41	-32.28	-10.38	-7.3	-6.2
Tangible Book Value, 3 Yr. CAGR %	4.29	-1.28	-5.5	6.46	7.12
Common Equity, 3 Yr. CAGR %	4.26	-1.3	-5.5	6.46	7.12
Cash From Operations, 3 Yr. CAGR %	-55.43	-22.08	-58.3	-13.68	-26.61
Levered Free Cash Flow, 3 Yr. CAGR %	-68	-6.26	-61.18	12.54	-43.05
Unlevered Free Cash Flow, 3 Yr. CAGR %	-69.14	-8.86	-61.03	18.05	-43.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-55.32	-47.15	-52.53	-50.81	45.93
Gross Profit, 5 Yr. CAGR %	-37.98	-39.73	-42.04	-32.34	29.32
EBITDA, 5 Yr. CAGR %	-14.5	-24.92	-20.98	-27.99	-54.66
EBITA, 5 Yr. CAGR %	-12.34	-23.4	-19.5	-26.28	-53.98
EBIT, 5 Yr. CAGR %	-12.25	-23.4	-19.5	-26.28	-53.98
Earnings From Cont. Operations, 5 Yr. CAGR %	-8.06	-18.58	-13.71	35.47	-45.55
Net Income, 5 Yr. CAGR %	-8.06	-18.58	-13.71	35.47	-45.55
Normalized Net Income, 5 Yr. CAGR %	13.16	-17.28	-11.49	1.97	-43.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-15.17	-25.57	-21.12	23.84	-50.03
Accounts Receivable, 5 Yr. CAGR %	-28.53	-1.31	-6.18	-	33.69
Inventory, 5 Yr. CAGR %	-53.5	-33.31	-41.77	44.76	36.88
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.45	-18.7	-9.59	-49.58	-52.77
Total Assets, 5 Yr. CAGR %	-15.03	-20.91	-27.34	-22.52	-6.02
Tangible Book Value, 5 Yr. CAGR %	12.79	3.67	-0.31	4.73	1.94
Common Equity, 5 Yr. CAGR %	12.68	3.64	-0.33	4.72	1.94
Cash From Operations, 5 Yr. CAGR %	-43.37	-6.04	-34.25	-44.49	-34.64
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-53.53	-0.79	-34.74	-45.71	-40.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	-55.07	0.84	-33.28	-47.26	-40.7