AVerMedia Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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AVerMedia Technologies, 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 863.76 million compared to TWD 995.29 million a year ago. Net income was TWD 15.45 million compared to TWD 9.97 million a year ago. Basic earnings per share from continuing operations was TWD 0.12 compared to TWD 0.07 a year ago. Diluted earnings per share from continuing operations was TWD 0.12 compared to TWD 0.07 a year ago.
For the nine months, sales was TWD 2,459.87 million compared to TWD 3,088.49 million a year ago. Net income was TWD 7.02 million compared to TWD 63.67 million a year ago. Basic earnings per share from continuing operations was TWD 0.05 compared to TWD 0.46 a year ago. Diluted earnings per share from continuing operations was TWD 0.05 compared to TWD 0.46 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.