Techpoint, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 12, 2023 at 02:13 pm EDT
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Techpoint, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 14.14 million compared to USD 16.03 million a year ago. Net income was USD 3.38 million compared to USD 4.38 million a year ago.
Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.24 a year ago.
Techpoint, Inc. is a semiconductor company that designs, markets and sells mixed-signal integrated circuits for multiple video applications in the security surveillance and automotive markets. Its integrated circuits enable the transition from standard definition (SD) video to high-definition (HD) video in the security surveillance and automotive markets. Its application specific products include its security surveillance and automotive product lines. It offers three subgroups of products for security surveillance consisting of HD-TVI transmitters, HD-TVI receivers and HD-SDI receivers. Its automotive products include Automotive HD-TVI Transmitters, Automotive HD-TVI Camera Processors, Automotive HD-TVI Receivers and Automotive LCD Controllers. Its HD-TVI transmitters are used within the camera, take the HD digital signal from an HD camera processor and converts it to HD-TVI analog signals. Its HD-TVI receivers are used in DVRs and convert the HD-TVI analog signal into digital signals.
TECHPOINT, INC. 
