Soaring Technology Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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Soaring Technology 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 0.531 million compared to TWD 1.49 million a year ago. Revenue was TWD 0.531 million compared to TWD 1.49 million a year ago. Net loss was TWD 1.45 million compared to net income of TWD 26.32 million a year ago. Basic loss per share from continuing operations was TWD 0.04 compared to basic earnings per share from continuing operations of TWD 0.65 a year ago. Diluted loss per share from continuing operations was TWD 0.04 compared to diluted earnings per share from continuing operations of TWD 0.65 a year ago.
For the nine months, sales was TWD 2.17 million compared to TWD 8.18 million a year ago. Revenue was TWD 2.17 million compared to TWD 8.18 million a year ago. Net loss was TWD 7.77 million compared to net income of TWD 19.33 million a year ago. Basic loss per share from continuing operations was TWD 0.19 compared to basic earnings per share from continuing operations of TWD 0.48 a year ago. Diluted loss per share from continuing operations was TWD 0.19 compared to diluted earnings per share from continuing operations of TWD 0.48 a year ago.
SOARING TECHNOLOGY CO., LTD. is a Taiwan-based company principally engaged in the electronic components related businesses. The Companyâs primary businesses include the design, manufacture and distribution of liquid crystal displays (LCDs), computers and peripherals equipment and components, electric vehicles and bicycles. The Companyâs principal products include multimedia audio and video systems, LCD monitors, point of sale (POS) devices, open frame LCD monitors, high brightness products and LCD racks, as well as the components of LCDs. The Company mainly distributes its products within domestic market and to overseas markets, including the United States of America (the USA), Europe and other regions.