Tm Technology, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 04:08 pm EDT
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TM Technology, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 41.689 million compared to TWD 35.454 million a year ago. Operating income was TWD 1.574 million compared to operating loss of TWD 11.917 million a year ago. Net income was TWD 2.504 million compared to net loss of TWD 8.383 million a year ago. Basic earnings per share was TWD 0.13 compared to basic loss per share of TWD 0.42 a year ago. For the half year, sales was TWD 72.548 million compared to TWD 63.488 million a year ago. Operating loss was TWD 4.396 million compared to TWD 29.854 million a year ago. Net loss was TWD 1.460 million compared to TWD 21.259 million a year ago. Basic loss per share was TWD 0.07 compared to TWD 1.07 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. 
