Team Young Technology Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Team Young Technology Co.,Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 2.31 million compared to TWD 3.3 million a year ago. Revenue was TWD 2.31 million compared to TWD 3.3 million a year ago. Net loss was TWD 16.39 million compared to TWD 6.18 million a year ago. Basic loss per share from continuing operations was TWD 0.34 compared to TWD 0.13 a year ago.
For the six months, sales was TWD 4.37 million compared to TWD 8.41 million a year ago. Revenue was TWD 4.37 million compared to TWD 8.41 million a year ago. Net loss was TWD 38.91 million compared to TWD 10.27 million a year ago. Basic loss per share from continuing operations was TWD 0.82 compared to TWD 0.22 a year ago.
TEAM YOUNG TECHNOLOGY CO., LTD., formerly TEAM YOUNG ADVANCED CERAMICS CO LTD, is primarily engaged in marketing and sale of multilayer ceramic capacitors (MLCCs) and chip capacitors for the storage of charge, blocking, by-pass, tuning and shaking and filtering in circuit designs. The Company mainly engaged in the development and sale of active and passive electronic components and EzCon products. EzCon is a human-to-object remote control system for smart remote controls, power switches, sockets and others. The Company distributes its products in Taiwan, Europe, the United States, Japan, China and other developing countries.