AVerMedia Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 12, 2022 at 12:53 am IST
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AVerMedia Technologies, 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 995.29 million compared to TWD 1,138.87 million a year ago. Revenue was TWD 995.29 million compared to TWD 1,138.87 million a year ago. Net income was TWD 9.97 million compared to net loss of TWD 57.27 million a year ago. Basic earnings per share from continuing operations was TWD 0.07 compared to basic loss per share from continuing operations of TWD 0.38 a year ago. Diluted earnings per share from continuing operations was TWD 0.07 compared to diluted loss per share from continuing operations of TWD 0.38 a year ago.
For the nine months, sales was TWD 3,088.49 million compared to TWD 3,702.67 million a year ago. Revenue was TWD 3,088.49 million compared to TWD 3,702.67 million a year ago. Net income was TWD 63.67 million compared to TWD 66.29 million a year ago. Basic earnings per share from continuing operations was TWD 0.46 compared to TWD 0.39 a year ago. Diluted earnings per share from continuing operations was TWD 0.46 compared to TWD 0.38 a year ago.
AVerMedia Technologies, Inc. is a China-based company principally engaged in the design, research, development, manufacture and distribution of control system products and digital video products. The Company provides computer digital and analog television (TV) cards, 3D digital and analog TV cards, digital satellite TV cards, game audio/game live capture products, video capture cards and other related computer multimedia video products. The Company mainly distributes its products under the AVerMedia brand. The Company mainly distributes its products in Europe, Middle East, Oceania, Asia, Mainland China and other markets.