Forward Electronics Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 04:42 am EST
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Forward Electronics Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 171.97 million compared to TWD 251.77 million a year ago. Net loss was TWD 10.49 million compared to net income of TWD 82.83 million a year ago. Basic loss per share from continuing operations was TWD 0.07 compared to basic earnings per share from continuing operations of TWD 0.59 a year ago. Diluted loss per share from continuing operations was TWD 0.07 compared to diluted earnings per share from continuing operations of TWD 0.59 a year ago.
For the nine months, sales was TWD 575.45 million compared to TWD 665.85 million a year ago. Net loss was TWD 31.28 million compared to net income of TWD 122.1 million a year ago. Basic loss per share from continuing operations was TWD 0.22 compared to basic earnings per share from continuing operations of TWD 0.87 a year ago. Diluted loss per share from continuing operations was TWD 0.22 compared to diluted earnings per share from continuing operations of TWD 0.87 a year ago.
Forward Electronics Co Ltd is a Taiwan-based company principally engaged in the production and sales of optoelectronics products, information appliance peripheral products and electronic components. The Company's optoelectronics products include backlight modules, liquid crystal display (LCD) modules and light emitting diodes (LEDs). The Company's information appliance peripheral products include game consoles, vehicle anti-collision systems, financial terminal systems, computers, wireless sensing devices and others. Its electronic components consist of switches, variable resistors, bit generators, sensors and others. The Company also provides lighting products. The Company distributes its products within domestic market and to overseas markets.
FORWARD ELECTRONICS CO., LTD. 
