Tailyn Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Tailyn Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 487.69 million compared to TWD 516.89 million a year ago. Net income was TWD 43.22 million compared to TWD 42.22 million a year ago. Basic earnings per share from continuing operations was TWD 0.58 compared to TWD 0.56 a year ago. Diluted earnings per share from continuing operations was TWD 0.58 compared to TWD 0.56 a year ago.
For the nine months, sales was TWD 1,528.97 million compared to TWD 1,399.88 million a year ago. Net income was TWD 152.29 million compared to TWD 100.73 million a year ago. Basic earnings per share from continuing operations was TWD 2.03 compared to TWD 1.34 a year ago. Diluted earnings per share from continuing operations was TWD 2.02 compared to TWD 1.34 a year ago.
Tailyn Technologies, Inc. is principally engaged in the manufacture and distribution of communication and information equipment. The Company mainly operates two business segments, including TAILIN segment and ZHULIN segment. The Company provides wired and wireless broadband receiving, network communication and industrial computer applications. It also provides products and design, manufacture and related services of software and hardware products. The Company's products are applied in digital subscriber line access multiplexers (DSLAMs), industrial Ethernet switches, commercial grade femto cells, supervisory control and data acquisition, handheld and mobile industrial personal computers (IPCs), among others. The Company operates its businesses primarily in Asia, Europe and the Americas.