ADATA Technology announced financial results for the second quarter of 2023.

For more information visit: www.adata.com

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Unedited press release follows:

ADATA Announces Q2 2023 Financial Results and Monthly Sales Report of July 2023

Taipei, Taiwan, R.O.C. – August 8th, 2023 – ADATA today reported its financial results for the second quarter of 2023. Thanks to stability of DRAM spot prices, the company’s gross margin rose by 4 percentage points to 15.46% for the quarter. Operating profits were NT$142 million, an increase of 239.69% compared with the previous quarter. Net income of NT$284 million and net income attributable to shareholders of the parent of NT$267 million grew by 4 times and 10 times quarter-over-quarter, respectively. Based on 263 million outstanding shares, earnings per share came to NT$1.02.

For the first half of 2023, ADATA’s consolidated revenue totaled NT$14.06 billion and gross margin was 13.44%. Operating profits were NT$183 million and net income was NT$341 million. Net income attributable to shareholders of the parent came to NT$291 million and EPS was NT$1.11.

The company’s consolidated sales for July 2023 were NT$2.28 billion. Accumulated consolidated sales from January through July were NT$16.35 billion, a 22.64% decrease compared to the same period for 2022.

ADATA 2023/Q2 Consolidated Financial Summary

Item (in millions of NT$)	2023/Q2	2023/Q1	QoQ%	2022/Q2	YoY%
Revenue	6,848	7,211	(5.03)	8,749	(21.72)
Gross profit	1,058	831	27.32	944	12.07
Operating profit	142	42	239.69	158	(10.31)
Income before tax	370	88	321.65	(7)	–
Net income	284	57	398.89	14	1873.42
Net income attributable to shareholders of the parent	267	24	989.06	37	629.21
Basic EPS (in dollars)	1.02	0.09	–	0.14	–

ADATA July Sales Report (Consolidated)                            (Unit: NT$ million)

Period	July-23	M-O-M (%)	Y-O-Y (%)
Net sales	2,278	(0.21)	(14.56)

Sales by Product for July 2023:

DRAM	41.14%
SSD	36.54%
Others	22.32%

*Year 2023 figures have not be audited.