TM Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 07:22 am EDT
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TM Technology, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 31.62 million compared to TWD 50.39 million a year ago. Net loss was TWD 9.71 million compared to net income of TWD 4.63 million a year ago. Basic loss per share from continuing operations was TWD 0.27 compared to basic earnings per share from continuing operations of TWD 0.17 a year ago. Diluted loss per share from continuing operations was TWD 0.27 compared to diluted earnings per share from continuing operations of TWD 0.17 a year ago.
For the six months, sales was TWD 55.69 million compared to TWD 101.08 million a year ago. Net loss was TWD 15.71 million compared to net income of TWD 16.82 million a year ago. Basic loss per share from continuing operations was TWD 0.44 compared to basic earnings per share from continuing operations of TWD 0.6 a year ago. Diluted loss per share from continuing operations was TWD 0.44 compared to diluted earnings per share from continuing operations of TWD 0.6 a year ago.
TM Technology, Inc. is a Taiwan-based company principally engaged in the research, development, manufacture and sales of integrated circuit (IC) chips and related components. The Company is also engaged in the provision of related technology and consultancy services. The Companyâs principal products include the optical communication ICs, light emitting diode (LED) ICs and flash memory controller ICs, such as fiber to the home (FTTH) integrated ICs and LED driving ICs. The Company mainly operates through two business segments: the TM Technology, Inc. segment and other operations segment. The Company distributes its products in domestic market and overseas markets, including the Mainland China and the rest regions of Asia.
TM TECHNOLOGY, INC. 
