Favite, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 03:34 am EDT
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Favite, 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 190.81 million compared to TWD 418.96 million a year ago. Net income was TWD 52.84 million compared to TWD 107.65 million a year ago. Basic earnings per share from continuing operations was TWD 0.67 compared to TWD 1.36 a year ago. Diluted earnings per share from continuing operations was TWD 0.67 compared to TWD 1.34 a year ago.
For the nine months, sales was TWD 410.53 million compared to TWD 1,252.08 million a year ago. Net income was TWD 16.66 million compared to TWD 274.88 million a year ago. Basic earnings per share from continuing operations was TWD 0.21 compared to TWD 3.48 a year ago. Diluted earnings per share from continuing operations was TWD 0.21 compared to TWD 3.41 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. 
