Avid Electronics Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 27.48 million compared to TWD 4.29 million a year ago. Revenue was TWD 27.48 million compared to TWD 4.29 million a year ago. Net loss was TWD 1.09 million compared to net income of TWD 7.44 million a year ago. Basic loss per share from continuing operations was TWD 0.0657 compared to basic earnings per share from continuing operations of TWD 0.5259 a year ago. Diluted loss per share from continuing operations was TWD 0.0657 compared to diluted earnings per share from continuing operations of TWD 0.5259 a year ago.
For the nine months, sales was TWD 58.12 million compared to TWD 14.4 million a year ago. Revenue was TWD 58.12 million compared to TWD 14.4 million a year ago. Net loss was TWD 7.77 million compared to TWD 0.275 million a year ago. Basic loss per share from continuing operations was TWD 0.5916 compared to TWD 0.0657 a year ago. Diluted loss per share from continuing operations was TWD 0.5916 compared to TWD 0.0657 a year ago.