AVerMedia Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:18 am EDT
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AVerMedia Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 892.35 million compared to TWD 1,151.63 million a year ago. Net income was TWD 41.36 million compared to TWD 35.55 million a year ago. Basic earnings per share from continuing operations was TWD 0.31 compared to TWD 0.26 a year ago. Diluted earnings per share from continuing operations was TWD 0.31 compared to TWD 0.26 a year ago.
For the six months, sales was TWD 1,596.11 million compared to TWD 2,093.2 million a year ago. Net loss was TWD 8.43 million compared to net income of TWD 53.7 million a year ago. Basic loss per share from continuing operations was TWD 0.06 compared to basic earnings per share from continuing operations of TWD 0.39 a year ago. Diluted loss per share from continuing operations was TWD 0.06 compared to diluted earnings per share from continuing operations of TWD 0.39 a year ago.
AVerMedia Technologies, Inc. is a China-based company principally engaged in the design, research, development, manufacture and distribution of control system products and digital video products. The Company provides computer digital and analog television (TV) cards, 3D digital and analog TV cards, digital satellite TV cards, game audio/game live capture products, video capture cards and other related computer multimedia video products. The Company mainly distributes its products under the AVerMedia brand. The Company mainly distributes its products in Europe, Middle East, Oceania, Asia, Mainland China and other markets.