Odyssey Semiconductor Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 10:27 pm
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Odyssey Semiconductor Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.20878 million compared to USD 0.174952 million a year ago. Net loss was USD 1.29 million compared to USD 0.710633 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.06 a year ago.
For the nine months, sales was USD 0.259299 million compared to USD 0.693074 million a year ago. Net loss was USD 3.75 million compared to USD 2.61 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to USD 0.21 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).
ODYSSEY SEMICONDUCTOR TECHNOLOGIES, INC. 
