Odyssey Semiconductor Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 05:19 pm EDT
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Odyssey Semiconductor Technologies, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 287,153 compared to USD 260,189 a year ago. Operating loss was USD 1.312 million compared to USD 495,996 a year ago. Net loss was USD 1.315 million compared to USD 495,086 a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.04 a year ago. For the half year, sales was USD 518,122 compared to USD 466,001 a year ago. Operating loss was USD 2.414 million compared to USD 998,476 a year ago. Net loss was USD 2.210 million compared to USD 997,581 a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.09 a year ago.
Odyssey Semiconductor Technologies, Inc. is a semiconductor device company. The Company is engaged in developing high-voltage power switching components and systems based on its proprietary Gallium Nitride (GaN) processing technology. The Company owns and operates an approximately 10,000 square feet semiconductor wafer manufacturing facility with a mix of lean space as well as tools for advanced semiconductor development and production. The Company also offers semiconductor device development and foundry services. It has developed a processing modification that allows GaN to be processed in a manner that makes high-voltage GaN power switching devices viably manufactured. The Companyâs wholly owned subsidiary is Odyssey Semiconductor, Inc. (Odyssey Semiconductor), and Odyssey Semiconductorâs wholly owned subsidiary is JR2J, LLC (JR2J).
ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC. 
