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