IA, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:05 am EST
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iA, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 17,459.49 million compared to KRW 18,401.09 million a year ago. Net loss was KRW 357.03 million compared to KRW 876.9 million a year ago. Basic loss per share from continuing operations was KRW 1 compared to KRW 3 a year ago. Diluted loss per share from continuing operations was KRW 1 compared to KRW 3 a year ago. Basic loss per share was KRW 1 compared to KRW 3 a year ago.
For the nine months, sales was KRW 0.00034 million compared to KRW 0.00008 million a year ago. Net loss was KRW 3,247.24 million compared to net income of KRW 2,772 million a year ago. Basic loss per share from continuing operations was KRW 11 compared to basic earnings per share from continuing operations of KRW 9 a year ago. Diluted loss per share from continuing operations was KRW 11 compared to diluted earnings per share from continuing operations of KRW 9 a year ago. Basic loss per share was KRW 11 compared to basic earnings per share of KRW 9 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. 
