Vate Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 06:06 pm EDT
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Vate Technology Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 65.19 million compared to TWD 95.97 million a year ago. Net loss was TWD 4.24 million compared to net income of TWD 16.1 million a year ago. Basic loss per share from continuing operations was TWD 0.06 compared to basic earnings per share from continuing operations of TWD 0.2 a year ago. Diluted loss per share from continuing operations was TWD 0.06 compared to diluted earnings per share from continuing operations of TWD 0.2 a year ago.
For the nine months, sales was TWD 218.9 million compared to TWD 293.58 million a year ago. Net income was TWD 5.07 million compared to TWD 51.3 million a year ago. Basic earnings per share from continuing operations was TWD 0.06 compared to TWD 0.64 a year ago. Diluted earnings per share from continuing operations was TWD 0.06 compared to TWD 0.64 a year ago.
VATE TECHNOLOGY CO., LTD. is a Taiwan-based company primarily engaged in central processing unit (CPU) testing business. The Company mainly provides logic testing services, including the testing of logic ICs, such as high-pin-count chipset ICs and communication ICs; power IC testing services, and CPU testing services, including the testing services of CPUs and peripheral products. The Company distributes its products in domestic market and to overseas markets.
VATE TECHNOLOGY CO., LTD. 
