Promise Technology, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 01:03 pm EST
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Promise Technology, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 234.080 million compared to TWD 280.098 million a year ago. Operating loss was TWD 33.796 million compared to TWD 71.748 million a year ago. Net loss was TWD 30.854 million compared to TWD 81.290 million a year ago. Basic loss per share was TWD 0.37 compared to TWD 0.96 a year ago. For the nine months, total revenue was TWD 731.831 million compared to TWD 874.225 million a year ago. Operating loss was TWD 127.081 million compared to TWD 210.457 million a year ago. Net loss was TWD 28.699 million compared to TWD 226.972 million a year ago. Basic loss per share was TWD 0.34 compared to TWD 2.69 a year ago.
Promise Technology, Inc. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of storage system equipment. The Company's main products include computer storage devices, high-performance control cards and systems, computer high-performance networks and graphic systems, multimedia software and hardware suites and systems, as well as computer and phone integration technology related products. The Company also provides management, consulting and technology transfer services. The Company distributes its products in domestic market to overseas markets, including the Americas, the rest areas of Asia, Europe and others.
PROMISE TECHNOLOGY, INC. 
