Optivision Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 05:34 pm EST
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Optivision Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 375.33 million compared to TWD 565.8 million a year ago. Net loss was TWD 36.1 million compared to net income of TWD 55.45 million a year ago. Basic loss per share from continuing operations was TWD 0.62 compared to basic earnings per share from continuing operations of TWD 1.15 a year ago. Diluted loss per share from continuing operations was TWD 0.62 compared to diluted earnings per share from continuing operations of TWD 1.14 a year ago.
For the nine months, sales was TWD 1,319.73 million compared to TWD 1,271.65 million a year ago. Net income was TWD 1.84 million compared to TWD 63.15 million a year ago. Basic earnings per share from continuing operations was TWD 0.03 compared to TWD 1.31 a year ago. Diluted earnings per share from continuing operations was TWD 0.03 compared to TWD 1.3 a year ago.
Optivision Technology Inc. is a Taiwan-based company principally engaged in the research, design, development, manufacturing and sale of backlight units key components, such as brightness enhancement films (BEFs) and multiple function optical prism films. The Company's products are applied in backlight modules of thin film transistor-liquid crystal displays (TFT-LCDs), used for terminal products such as LCD televisions (TVs), notebooks, LCD monitors, cell phones, digital cameras, global positioning system (GPS) machines, digital photo frames, moving picture experts group layer-3 auto (MP3) displays and other consumer electronic products. The Company distributes its products within Taiwan and the rest of Asia.