Favite, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 05:04 am EDT
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Favite, 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 49.34 million compared to TWD 456.03 million a year ago. Net loss was TWD 35.26 million compared to net income of TWD 81.28 million a year ago. Basic loss per share from continuing operations was TWD 0.45 compared to basic earnings per share from continuing operations of TWD 1.03 a year ago. Diluted loss per share from continuing operations was TWD 0.45 compared to diluted earnings per share from continuing operations of TWD 1.02 a year ago.
For the six months, sales was TWD 219.72 million compared to TWD 833.12 million a year ago. Net loss was TWD 36.18 million compared to net income of TWD 167.24 million a year ago. Basic loss per share from continuing operations was TWD 0.46 compared to basic earnings per share from continuing operations of TWD 2.12 a year ago. Diluted loss per share from continuing operations was TWD 0.46 compared to diluted earnings per share from continuing operations of TWD 2.09 a year ago.
Favite Inc is a Taiwan-based company mainly engaged in the manufacture and distribution of automatic optical inspection (AOI) machines and the provision of maintenance services. The Company's products include thin-film transistor automated optical inspection machine, protrusion automated optical inspection machine, photomask automated optical inspection machine, high-speed defect photo machine, color filter automated optical inspection machine, and automated optical slit inspection machine. The Company's products and services also include multifunctional optical microscope systems and artificial intelligence (AI) smart optics solutions. The Company sells its products in the domestic market and overseas markets.
FAVITE, INC. 
