AverLogic Technologies, Corp. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022
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AverLogic Technologies, Corp. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 1.14 million compared to TWD 10.01 million a year ago. Revenue was TWD 1.14 million compared to TWD 10.01 million a year ago. Net loss was TWD 3.21 million compared to net income of TWD 4.39 million a year ago. Basic loss per share from continuing operations was TWD 0.14 compared to basic earnings per share from continuing operations of TWD 0.23 a year ago.
Rich Circle Development Co Ltd, formerly known as Averlogic Technologies Corp is a Taiwan-based company principally engaged in the design, development and sales of integrated circuit (IC) products for multimedia applications. The Company's main products include video temporary storage memories, signal conversion chips, display control chips, surveillance system control chips, and 16 division image control chips. The Company mainly focuses on technology research and development in the field of video image processing IC and special application memory IC. The Company distributes its products in domestic market and to overseas markets.