IA, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:11 am EDT
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iA, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KRW 15,558.5 million compared to KRW 19,398.85 million a year ago. Net loss was KRW 1,203.1 million compared to net income of KRW 3,403.56 million a year ago. Basic loss per share from continuing operations was KRW 4 compared to basic earnings per share from continuing operations of KRW 12 a year ago. Diluted loss per share from continuing operations was KRW 4 compared to diluted earnings per share from continuing operations of KRW 12 a year ago. Basic loss per share was KRW 4 compared to basic earnings per share of KRW 12 a year ago.
For the six months, sales was KRW 0.00038 million compared to negative sales of KRW 0.00019 million a year ago. Net loss was KRW 2,890.21 million compared to net income of KRW 3,648.9 million a year ago. Basic loss per share from continuing operations was KRW 10 compared to basic earnings per share from continuing operations of KRW 12 a year ago. Diluted loss per share from continuing operations was KRW 10 compared to diluted earnings per share from continuing operations of KRW 12 a year ago. Basic loss per share was KRW 10 compared to basic earnings per share of KRW 12 a year ago.
iA, Inc is a Korea-based company principally engaged in the design and manufacture of semiconductors. The Company operates two business divisions: semiconductor and system. Its semiconductor division provides application specific integrated circuits (ASICs) such as network chips, mobile television (TV) chips, camera chips, three dimensional (3D) chips, digital video record (DVR) chips, voice processing chips and others, as well as semiconductors such as video and sound chips used for broadcasting, communication and automobiles. Its system division provides Internet phones including voice over IP (VoIP) and multimedia over IP (MoIP) devices. Through its subsidiary, it also involves in the software outsourcing business. On April 16, 2013, the Company changed its name to iA, Inc., from C&S Technology Inc.
IA, INC. 
