Good Way Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Good Way Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 680.24 million compared to TWD 2,567.93 million a year ago. Net loss was TWD 56.51 million compared to net income of TWD 194.3 million a year ago. Basic loss per share from continuing operations was TWD 0.92 compared to basic earnings per share from continuing operations of TWD 3.23 a year ago. Diluted loss per share from continuing operations was TWD 0.92 compared to diluted earnings per share from continuing operations of TWD 3.23 a year ago.
For the nine months, sales was TWD 2,340.18 million compared to TWD 4,914.15 million a year ago. Net loss was TWD 313.65 million compared to net income of TWD 28.4 million a year ago. Basic loss per share from continuing operations was TWD 5.17 compared to basic earnings per share from continuing operations of TWD 0.47 a year ago. Diluted loss per share from continuing operations was TWD 5.17 compared to diluted earnings per share from continuing operations of TWD 0.47 a year ago.
Good Way Technology Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sales of computer peripheral connection products. The Company's products include computer expansion dock-related products and various audio-visual interface conversion devices. The main purpose of the docking station is to extend or expand the existing extension port of the host. The introduction of the charging function allows the expansion base to serve as a power supply to charge the host. The signal converter can convert a universal serial bus (USB) signal into another audio and video output signal, and can also switch between analog and digital signals. Sharers are used to transmit large amounts of data and meet data exchange requirements. The Company's products are mainly sold to markets in the Americas, Asia and Europe.