Algoltek, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 08:48 pm
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Algoltek, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 159.82 million compared to TWD 136.65 million a year ago. Net income was TWD 35.88 million compared to TWD 28.19 million a year ago. Basic earnings per share from continuing operations was TWD 1.3361 compared to TWD 1.2361 a year ago. Diluted earnings per share from continuing operations was TWD 1.3179 compared to TWD 1.218 a year ago.
ALGOLTEK, INC. is a Taiwan-based company mainly engaged in development and sale of multimedia video conversion control chips and other control chips. The Company's main products are multi-media digital video conversion products based on special application integrated circuit chips, including video graphics array (VGA), high-definition multimedia interface (HDMI), DisplayPort, and Type-C. The products mainly apply for personal computers (PC), notebook computers (NB), displays and related peripheral products, consumer electronics, and multimedia transmission systems. Its main products are divided into two categories. Integrated circuit (IC) chips provide product manufacturer-specific functions. Intellectual property (IP) is designed and verified for integrated circuits that can be reused and have specific functions.
ALGOLTEK, INC. 
