N Citron, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 11:38 pm EST
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N Citron, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported negative sales was KRW 0.00044 million compared to sales of KRW 0.00036 million a year ago. Net income was KRW 1,231.2 million compared to KRW 467.03 million a year ago.
For the nine months, sales was KRW 1.56 million compared to KRW 508.46 million a year ago. Net income was KRW 1,032.06 million compared to net loss of KRW 136.75 million a year ago.
N CITRON, INC., formerly NEOFIDELITY, INC. is a Korea-based company engaged in the manufacture and sale of full digital audio amplifier solution products. The Company produces digital audio amplifier chips, including NTP-7XXX series, NTP-3XXX series, NTP-2XXX series and NSP series for flat panel display (FPD) televisions (TVs), desktop audios, monitor TVs, home theaters and other digital products. The Company distributes its products within domestic market and to overseas markets, including Taiwan, Japan and China. The Company has one Hong Kong-based subsidiary, NF Industries Company Limited.