Algoltek, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 12, 2022 at 01:07 am IST
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Algoltek, 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 77.14 million compared to TWD 160.85 million a year ago. Net loss was TWD 3.34 million compared to net income of TWD 40.41 million a year ago. Basic loss per share from continuing operations was TWD 0.12 compared to basic earnings per share from continuing operations of TWD 1.59 a year ago. Diluted loss per share from continuing operations was TWD 0.12 compared to diluted earnings per share from continuing operations of TWD 1.57 a year ago.
For the nine months, sales was TWD 370.95 million compared to TWD 453.03 million a year ago. Net income was TWD 52.1 million compared to TWD 106.36 million a year ago. Basic earnings per share from continuing operations was TWD 1.94 compared to TWD 4.45 a year ago. Diluted earnings per share from continuing operations was TWD 1.92 compared to TWD 4.38 a year ago.
ALGOLTEK, INC. is a Taiwan-based company mainly engaged in development and sale of multimedia video conversion control chips and other control chips. The Company's main products are multi-media digital video conversion products based on special application integrated circuit chips, including video graphics array (VGA), high-definition multimedia interface (HDMI), DisplayPort, and Type-C. The products mainly apply for personal computers (PC), notebook computers (NB), displays and related peripheral products, consumer electronics, and multimedia transmission systems. Its main products are divided into two categories. Integrated circuit (IC) chips provide product manufacturer-specific functions. Intellectual property (IP) is designed and verified for integrated circuits that can be reused and have specific functions.
ALGOLTEK, INC. 
