Taipei, Taiwan, R.O.C. - November 11th, 2022 - ADATA today released its financial results for the third quarter, ended September 30, 2022. Consolidated revenue for the third quarter was NT$8.92 billion and gross profit increased by 16.36% to NT$1.1 billion QoQ, by 8.1% YoY. Gross margin was 12.32%, up from 10.8% for the prior quarter. Operating income was NT$183 million representing an increase of 15.61% QoQ and net income improved to NT$172 million. Net income attributable to shareholders of the parent grew by three times to NT$142 million YoY, with a 289.47% increase QoQ. Based on 261 million outstanding shares, EPS was NT$0.55.
For the first three quarters of 2022, the company's consolidated revenue was NT$27.46 billion and EPS was NT$2.5.
ADATA 2022/Q3 Consolidated Financial Summary
Item (in millions of NT$) | 2022/Q3 | 2022/Q2 | QoQ% | 2021/Q3 | YoY% |
Revenue | 8,921 | 8,749 | 1.97 | 9,684 | （7.88） |
Gross profit | 1,099 | 944 | 16.36 | 1,017 | 8.1 |
Operating income | 183 | 158 | 15.61 | 373 | （51.08） |
Income before tax | 357 | (7) | - | 79 | 351.78 |
Net income | 172 | 14 | 1094.43 | (4) | - |
Net income attributable to shareholders of the parent | 142 | 37 | 289.47 | 35 | 305.16 |
EPS before tax (in dollars) | 1.37 | (0.03) | - | 0.31 | - |
EPS after tax (in dollars) | *0.55 | 0.14 | - | 0.14 | - |
*Due to CB conversion, average outstanding shares for the third quarter of 2022 was 261 million and average outstanding shares for the first three quarters of 2022 was 260 million.