Array Networks, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 03:54 pm EDT
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Array Networks, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was TWD 105.996 million compared to TWD 113.337 million a year ago. Operating loss was TWD 28.125 million compared to TWD 50.744 million a year ago. Net loss was TWD 31.651 million compared to TWD 54.223 million a year ago. Basic loss per share was TWD 0.64 compared to TWD 1.06 a year ago. For the half year, total revenue was TWD 209.259 million compared to TWD 218.808 million a year ago. Operating loss was TWD 71.541 million compared to TWD 88.810 million a year ago. Net loss was TWD 78.852 million compared to TWD 93.358 million a year ago. Basic loss per share was TWD 1.6 compared to TWD 1.83 a year ago.
Array Inc. is a network functions platform company. The Company is engaged in network hyperconverged infrastructure (N-HCI) business. The Company develops purpose-built systems for deploying virtual app delivery, networking and security functions. The Company and its subsidiaries mainly engaged in the research, manufacturing and sale of application delivery controllers, high-end secure sockets layer virtual private network (SSL VPN) systems, remote desktop access solutions, application acceleration and wide area network (WAN) optimization controllers. Its application delivery and security products, such as the application delivery controllers (ADCs), and SSL VPN are available in both cloud and virtual versions, as well as a dedicated hardware version, to assist business users in improving the performance, availability, security and connectivity to applications. Its subsidiaries include Array Networks, Inc., Zentry Security Inc., Array Networks Japan Kabishiki Kaisha and others.