Algoltek, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Algoltek, 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 87.26 million compared to TWD 140 million a year ago. Net loss was TWD 52.34 million compared to net income of TWD 15.29 million a year ago. Basic loss per share from continuing operations was TWD 1.17 compared to basic earnings per share from continuing operations of TWD 0.9 a year ago. Diluted loss per share from continuing operations was TWD 1.17 compared to diluted earnings per share from continuing operations of TWD 0.88 a year ago.
For the six months, sales was TWD 124.8 million compared to TWD 289.85 million a year ago. Net loss was TWD 113.8 million compared to net income of TWD 25.34 million a year ago. Basic loss per share from continuing operations was TWD 3.63 compared to basic earnings per share from continuing operations of TWD 1.49 a year ago. Diluted loss per share from continuing operations was TWD 3.63 compared to diluted earnings per share from continuing operations of TWD 1.46 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. 
