AverLogic Technologies, Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 09:58 am IST
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AverLogic Technologies, Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 1.5 million compared to TWD 1.63 million a year ago. Net loss was TWD 2.49 million compared to TWD 4.05 million a year ago. Basic loss per share from continuing operations was TWD 0.11 compared to TWD 0.19 a year ago.
For the six months, sales was TWD 2.64 million compared to TWD 11.64 million a year ago. Net loss was TWD 5.7 million compared to net income of TWD 0.333 million a year ago. Basic loss per share from continuing operations was TWD 0.25 compared to basic earnings per share from continuing operations of TWD 0.02 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.