Advanced Analog Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 02:38 pm EST
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Advanced Analog Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 221.1 million compared to TWD 202.38 million a year ago. Net income was TWD 6.54 million compared to TWD 19.01 million a year ago. Basic earnings per share from continuing operations was TWD 0.14 compared to TWD 0.4 a year ago. Diluted earnings per share from continuing operations was TWD 0.14 compared to TWD 0.4 a year ago.
For the nine months, sales was TWD 671.78 million compared to TWD 867.65 million a year ago. Net loss was TWD 1.9 million compared to net income of TWD 137.08 million a year ago. Basic loss per share from continuing operations was TWD 0.04 compared to basic earnings per share from continuing operations of TWD 2.91 a year ago. Diluted loss per share from continuing operations was TWD 0.04 compared to diluted earnings per share from continuing operations of TWD 2.86 a year ago.
Advanced Analog Technology Inc. is a Taiwan-based company principally engaged in the design, research, development, manufacture and sales of integrated circuits (ICs). The Company's main products include power management ICs, magnetic field sensing and motor drive ICs, as well as microcontroller ICs. The Company distributes its products in domestic market and to overseas markets.