Andes Technology Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 179.16 million compared to TWD 140.14 million a year ago. Net loss was TWD 42.01 million compared to net income of TWD 71.89 million a year ago. Basic loss per share from continuing operations was TWD 0.83 compared to basic earnings per share from continuing operations of TWD 1.42 a year ago. Diluted loss per share from continuing operations was TWD 0.83 compared to diluted earnings per share from continuing operations of TWD 1.42 a year ago.
For the six months, sales was TWD 404.25 million compared to TWD 351.17 million a year ago. Net loss was TWD 96.52 million compared to net income of TWD 196.32 million a year ago. Basic loss per share from continuing operations was TWD 1.91 compared to basic earnings per share from continuing operations of TWD 3.88 a year ago. Diluted loss per share from continuing operations was TWD 1.91 compared to diluted earnings per share from continuing operations of TWD 3.87 a year ago.