Solid State System Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 03, 2021
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Solid State System Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 171.63 million compared to TWD 183.3 million a year ago. Net income was TWD 9.01 million compared to net loss of TWD 29.39 million a year ago. Basic earnings per share from continuing operations was TWD 0.14 compared to basic loss per share from continuing operations of TWD 0.45 a year ago. Diluted earnings per share from continuing operations was TWD 0.14 compared to diluted loss per share from continuing operations of TWD 0.45 a year ago.
For the nine months, sales was TWD 530.04 million compared to TWD 454.09 million a year ago. Net income was TWD 6.85 million compared to net loss of TWD 36.26 million a year ago. Basic earnings per share from continuing operations was TWD 0.11 compared to basic loss per share from continuing operations of TWD 0.56 a year ago. Diluted earnings per share from continuing operations was TWD 0.11 compared to diluted loss per share from continuing operations of TWD 0.56 a year ago.
Solid State System Co., Ltd is a Taiwan-based company principally engaged in the design, testing, production and distribution of flash memory controller integrated circuits (ICs) and audio ICs. The Company's major products and services include NADA flash memory controller ICs, micro-electro-mechanical system (MEMS) microphone ICs, audio ICs, as well as intellectual property and design services. The Company's products are applied in digital cameras, personal digital assistants (PDAs), industrial computers, mobile phones and audio products. The Company distributes its products within domestic market and to overseas markets