Array Networks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 20, 2022 at 01:12 am IST
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Array Networks, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 132.31 million compared to TWD 78.24 million a year ago. Revenue was TWD 132.31 million compared to TWD 78.24 million a year ago. Net loss was TWD 6.83 million compared to TWD 22.6 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to TWD 0.46 a year ago.
For the six months, sales was TWD 199.3 million compared to TWD 194.37 million a year ago. Revenue was TWD 199.3 million compared to TWD 194.37 million a year ago. Net loss was TWD 81.97 million compared to TWD 57.7 million a year ago. Basic loss per share from continuing operations was TWD 1.67 compared to TWD 1.17 a year ago.
Array Inc. is a network functions platform company. The Company is engaged in network hyperconverged infrastructure (N-HCI) business. The Company develops purpose-built systems for deploying virtual app delivery, networking and security functions. The Company and its subsidiaries mainly engaged in the research, manufacturing and sale of application delivery controllers, high-end secure sockets layer virtual private network (SSL VPN) systems, remote desktop access solutions, application acceleration and wide area network (WAN) optimization controllers. Its application delivery and security products, such as the application delivery controllers (ADCs), and SSL VPN are available in both cloud and virtual versions, as well as a dedicated hardware version, to assist business users in improving the performance, availability, security and connectivity to applications. Its subsidiaries include Array Networks, Inc., Zentry Security Inc., Array Networks Japan Kabishiki Kaisha and others.