Odyssey Semiconductor Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 07, 2023 at 09:24 pm
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Odyssey Semiconductor Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 0.06175 million compared to USD 0.055874 million a year ago. Net loss was USD 1.12 million compared to USD 0.725954 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
For the full year, sales was USD 0.321049 million compared to USD 0.748948 million a year ago. Net loss was USD 4.88 million compared to USD 3.14 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.25 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.25 a year ago.
Odyssey Semiconductor Technologies, Inc. is a semiconductor device company. The Company is engaged in developing high-voltage power switching components and systems based on its proprietary Gallium Nitride (GaN) processing technology. The Company owns and operates an approximately 10,000 square feet semiconductor wafer manufacturing facility with a mix of lean space as well as tools for advanced semiconductor development and production. The Company also offers semiconductor device development and foundry services. It has developed a processing modification that allows GaN to be processed in a manner that makes high-voltage GaN power switching devices viably manufactured. The Companyâs wholly owned subsidiary is Odyssey Semiconductor, Inc. (Odyssey Semiconductor), and Odyssey Semiconductorâs wholly owned subsidiary is JR2J, LLC (JR2J).