Array Networks, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 30, 2021 at 04:10 pm EDT
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Array Networks, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 78.244 million compared to TWD 105.996 million a year ago. Operating loss was TWD 51.775 million compared to TWD 28.125 million a year ago. Net loss was TWD 22.601 million compared to TWD 31.651 million a year ago. Basic loss per share was TWD 0.46 compared to TWD 0.64 a year ago. For the half year, total revenue was TWD 194.374 million compared to TWD 209.259 million a year ago. Operating loss was TWD 83.834 million compared to TWD 71.541 million a year ago. Net loss was TWD 57.700 million compared to TWD 78.852 million a year ago. Basic loss per share was TWD 1.17 compared to TWD 1.6 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.