Techpoint, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 02:01 pm
Share
Techpoint, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 17.51 million compared to USD 15.51 million a year ago. Net income was USD 5.2 million compared to USD 4.16 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.22 a year ago.
For the nine months, sales was USD 46.95 million compared to USD 48.59 million a year ago. Net income was USD 12.62 million compared to USD 12.63 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 0.68 a year ago.
Techpoint, Inc. is a semiconductor company that designs, markets and sells mixed-signal integrated circuits for multiple video applications in the security surveillance and automotive markets. Its integrated circuits enable the transition from standard definition (SD) video to high-definition (HD) video in the security surveillance and automotive markets. Its application specific products include its security surveillance and automotive product lines. It offers four security surveillance products, HD-TVI transmitters, HD-TVI Camera Processors, HD-TVI receivers and HD-SDI receivers. It also offers four automotive products, HD-TVI Transmitter, HD-TVI Camera Processors, HD-TVI Receivers and HD LCD controller. Its HD-TVI transmitters are used within the camera, take the HD digital signal from an HD camera processor and converts it to HD-TVI analog signals. Its HD-TVI receivers are used in DVRs and convert the HD-TVI analog signal into digital signals that can be processed by a DVR system.