Quaser Machine Tools, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 03:30 pm EDT
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Quaser Machine Tools, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 372.972 million compared to TWD 489.952 million a year ago. Operating loss was TWD 51.596 million compared to TWD 77.351 million a year ago. Net loss was TWD 59.126 million compared to TWD 75.041 million a year ago. Basic loss per share from continuing operations was TWD 1.08 compared to TWD 1.65 a year ago.
Quaser Machine Tools Inc is a Taiwan-based company engaged in the manufacture and sale of tooling machines. The Company's main products are computer numerical control (CNC) tooling machines and other metal cutting machines. The Company's tooling products are mainly categorized into vertical machining centers, vertical interchangeable table machining centers, five-face machining centers, five-axis machining centers, horizontal machining centers, horizontal elastic manufacturing units, five-face and five-axis elastic manufacturing units, milling and lathe combined machine. The Company's products are used in aerospace industry and other industries. The Company's products are used in the aerospace industry, defense industry, automotive industry, general machinery, metal processing industry and electronics industry. The Company sells its products domestically and internationally.
QUASER MACHINE TOOLS, INC. 
