Quaser Machine Tools, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 14, 2021 at 11:03 pm EST
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Quaser Machine Tools, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 527.59 million compared to TWD 445 million a year ago. Net loss was TWD 53.41 million compared to TWD 21.12 million a year ago. Basic loss per share from continuing operations was TWD 0.97 compared to TWD 0.38 a year ago. Diluted loss per share from continuing operations was TWD 0.97 compared to TWD 0.38 a year ago.
For the nine months, sales was TWD 1,375.63 million compared to TWD 1,520.2 million a year ago. Net loss was TWD 125 million compared to TWD 157.61 million a year ago. Basic loss per share from continuing operations was TWD 2.27 compared to TWD 3.04 a year ago. Diluted loss per share from continuing operations was TWD 2.27 compared to TWD 3.04 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. 
