HYSONIC Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:09 am EST
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HYSONIC 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 KRW 21.82 million compared to KRW 229.48 million a year ago. Net loss was KRW 1,113.66 million compared to net income of KRW 1,051.94 million a year ago. Basic loss per share from continuing operations was KRW 64 compared to basic earnings per share from continuing operations of KRW 79 a year ago. Diluted loss per share from continuing operations was KRW 64 compared to diluted earnings per share from continuing operations of KRW 79 a year ago. Basic loss per share was KRW 75 compared to basic earnings per share of KRW 79 a year ago. Diluted loss per share was KRW 75 compared to diluted earnings per share of KRW 79 a year ago.
For the nine months, sales was KRW 162.43 million compared to KRW 663.24 million a year ago. Net loss was KRW 3,026.79 million compared to net income of KRW 2,018.39 million a year ago. Basic loss per share from continuing operations was KRW 169 compared to basic earnings per share from continuing operations of KRW 167 a year ago. Diluted loss per share from continuing operations was KRW 169 compared to diluted earnings per share from continuing operations of KRW 167 a year ago. Basic loss per share was KRW 207 compared to basic earnings per share of KRW 157 a year ago. Diluted loss per share was KRW 207 compared to diluted earnings per share of KRW 157 a year ago.
HYSONIC Co., Ltd., formerly G2HYSONIC Co., Ltd., is a Korea-based company principally engaged in the manufacturing of auto focus (AF) actuators. The Company mainly manufactures precision micro miniature electro mechanical actuator products including AF actuators, optical image stabilizer actuators and smooth picture actuators for mobile handset camera application and optical application. The Company's customers include HUAWEI, Liteon, LG Innotek, CammSys Corp and others. It distributes its products within domestic market and to overseas markets.