AverLogic Technologies, Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 12:40 pm IST
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AverLogic Technologies, Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 0.019 million compared to TWD 0.63 million a year ago. Net loss was TWD 8.49 million compared to TWD 5.73 million a year ago. Basic loss per share from continuing operations was TWD 0.37 compared to TWD 0.25 a year ago.
For the nine months, sales was TWD 253.42 million compared to TWD 3.27 million a year ago. Net income was TWD 67.8 million compared to net loss of TWD 11.42 million a year ago. Basic earnings per share from continuing operations was TWD 3 compared to basic loss per share from continuing operations of TWD 0.5 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.