Quaser Machine Tools, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 01:12 pm EST
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Quaser Machine Tools, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 445.002 million compared to TWD 361.969 million a year ago. Operating loss was TWD 54.373 million compared to TWD 25.567 million a year ago. Net loss was TWD 21.121 million compared to TWD 41.589 million a year ago. Basic loss per share was TWD 0.38 compared to TWD 1.04 a year ago. For the nine months, sales was TWD 1,520.198 million compared to TWD 1,086.910 million a year ago. Operating loss was TWD 204.237 million compared to TWD 31.730 million a year ago. Net loss was TWD 157.605 million compared to TWD 38.712 million a year ago. Basic loss per share was TWD 3.04 compared to TWD 0.97 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. 
