MDS Tech Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:21 am
Share
MDS Tech Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 35,736.93 million compared to KRW 34,458.21 million a year ago. Net loss was KRW 3,520.23 million compared to KRW 1,276.52 million a year ago. Basic loss per share from continuing operations was KRW 106. Basic loss per share was KRW 42.4 compared to KRW 15.5 a year ago. Diluted loss per share was KRW 42.4 compared to KRW 15.5 a year ago.
For the nine months, sales was KRW 106,997.79 million compared to KRW 109,461.05 million a year ago. Net loss was KRW 5,742.36 million compared to net income of KRW 3,096.7 million a year ago. Basic loss per share was KRW 69.3 compared to basic earnings per share of KRW 37.5 a year ago. Diluted loss per share was KRW 69.3 compared to diluted earnings per share of KRW 37.5 a year ago.
MDS Tech Inc, formerly Hancom MDS Inc, is a Korea-based company mainly engaged in provision of embedded software development and embedded development solutions. The Company operates its business through five segments. The Innovation Business Manager segment mainly provides solutions and services such as autonomous driving, advanced driver assistance system development solutions and embedded operating systems. The Convergence Business Manager segment provides solutions and services such as development solutions and system automation solutions. Hancom's Intelligence segment provides solutions and services such as core solutions for the 4th industry, artificial intelligence (AI) platforms, and Internet of Things (IoT) solutions. The Domestic Subsidiary segment operates businesses such as communication modules, robots, and shared services. The Overseas Subsidiary segment provides services such as embedded operating systems (OS) to China, Australia, Singapore, and India.
MDS TECH INC. 
