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.
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