Cypress Technology Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:12 pm EDT
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Cypress Technology Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 352.53 million compared to TWD 533.42 million a year ago. Revenue was TWD 352.53 million compared to TWD 533.42 million a year ago. Net loss was TWD 66.72 million compared to net income of TWD 88.71 million a year ago. Basic loss per share from continuing operations was TWD 1.2 compared to basic earnings per share from continuing operations of TWD 1.58 a year ago. Diluted loss per share from continuing operations was TWD 1.2 compared to diluted earnings per share from continuing operations of TWD 1.57 a year ago.
For the six months, sales was TWD 728.83 million compared to TWD 1,027.92 million a year ago. Revenue was TWD 728.83 million compared to TWD 1,027.92 million a year ago. Net loss was TWD 33.87 million compared to net income of TWD 188.56 million a year ago. Basic loss per share from continuing operations was TWD 0.61 compared to basic earnings per share from continuing operations of TWD 3.36 a year ago. Diluted loss per share from continuing operations was TWD 0.61 compared to diluted earnings per share from continuing operations of TWD 3.34 a year ago.
CYPRESS TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of professional and intelligent audio-visual products and display products. The professional and intelligent audio-visual products include televisions (TVs) scalers, splitters, switchers, high definition multimedia interface (HDMI) video signal generators and extenders, video effect mixers, TV pattern generators and display port series. The professional and intelligent display products include liquid crystal displays (LCDs) and TV walls. The Company's products are applied in home theaters, conference centers, medical centers, shopping malls and cinemas, among others. The Company distributes its products within domestic market and to overseas markets, including the rest of Asia, the Americas and Europe.
CYPRESS TECHNOLOGY CO.,LTD. 
