TM Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022
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TM Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 29.41 million compared to TWD 36.29 million a year ago. Net loss was TWD 1.23 million compared to net income of TWD 6.02 million a year ago. Basic loss per share from continuing operations was TWD 0.04 compared to basic earnings per share from continuing operations of TWD 0.22 a year ago. Diluted loss per share from continuing operations was TWD 0.04 compared to diluted earnings per share from continuing operations of TWD 0.22 a year ago.
For the nine months, sales was TWD 130.49 million compared to TWD 102.06 million a year ago. Net income was TWD 15.59 million compared to TWD 2.6 million a year ago. Basic earnings per share from continuing operations was TWD 0.55 compared to TWD 0.1 a year ago. Diluted earnings per share from continuing operations was TWD 0.55 compared to TWD 0.1 a year ago.
TM Technology Inc is a Taiwan-based company mainly engaged in the research, development, manufacturing and sales of integrated circuit chips and related components. The Company is also engaged in the provision of related technology consulting services. The Company's main products include system integration integrated circuit (IC) related products, including optical communication ICs, light-emitting diodes (LEDs) and power analog ICs. The products are mainly used in laser/LED drivers for fiber optic transceiver modules, GPON/EPON fiber optic boxes for fiber-to-the-home, digital set-top boxes, direct current (DC)/DC drivers for security-controlled infrared LED lighting and others. The Company mainly sells products to the domestic and overseas markets.