AVCON Information Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:41 am EDT
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AVCON Information Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 78.08 million compared to CNY 67.69 million a year ago. Revenue was CNY 78.08 million compared to CNY 67.69 million a year ago. Net loss was CNY 2.9 million compared to CNY 7.93 million a year ago. Basic loss per share from continuing operations was CNY 0.0055 compared to CNY 0.0149 a year ago. Diluted loss per share from continuing operations was CNY 0.0055 compared to CNY 0.0149 a year ago.
AVCON Information Technology Co.,Ltd. is a China-based company principally engaged in the research, development, design, distribution and technical service provision of audio and video communication products and image intelligent integration applications. The Company primarily provides intelligent multimedia communication solutions, including video conference system, emergency command system, intelligent city, online education, intelligent healthcare, video bank and video monitoring control system, among others. The Company is also involved in the development of related technology and the provision of after-sale services. The Company operates its business in domestic market.