Taipei, Taiwan, R.O.C. – March 8th, 2024– ADATA today announced its financial results for fiscal year ended December 31, 2023. The consolidated revenue for 2023 totaled NT$33.68 billion. Benefited from the rise in memory prices and effective inventory management, the company achieved the record high gross margin of 16.8%. Operating profit of NT$1.77 billion surged by 150.98% YoY. Net income also saw substantial growth, reaching NT$1.49 billion, representing a 68.73% increase YoY. Additionally, net income attributable to shareholders of the parent was NT$1.41 billion, a 69.89% increase YoY. Based on 270 million outstanding shares, EPS was NT$5.21. For the fourth quarter of 2023, the company reported revenue of NT$11 billion, with an increase of 28.12% QoQ. The gross margin reached 19.74% and operating profit grew to NT$1.07 billion, representing a 108.07% rise QoQ. Both net income of NT$728 million and net income attributable to shareholders of the parent of NT$704 million grew 70.94% and 69.99% respectively, quarter-over-quarter. EPS was NT$2.41. ADATA 2023/Q4Consolidated Financial Summary Item (in millions of NT$) 2023/Q4 2023/Q3 QoQ% 2022/Q4 YoY% Revenue 11,023 8,603 28.12 7,463 47.7 Gross profit 2,176 1,592 36.65 828 162.76 Operating profit 1,075 517 108.07 (159) - Income before tax 911 607 50.08 81 1019.67 Net income 728 426 70.94 205 255.56 Net income attributable to shareholders of the parent 704 414 69.99 179 292.7 Basic EPS (in dollars) 2.41 1.57 - 0.69 -
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