Taipei, Taiwan, R.O.C. – November 8th, 2023– Benefited from the recovery of memory prices and customer restocking, ADATA’s consolidated sales achieved NT$3.79 billion in October 2023, marking a record high in the past 13 years. It represented a 39.59% increase year-over-year and a rise of 13.43% month-over-month. Accumulated consolidated sales from January through October were NT$26.46 billion. Meanwhile, ADATA delivered solid financial results for the third quarter of 2023. The company’s revenue of NT$8.6 billion for the quarter showed a 25.63% growth quarter-over-quarter. The gross margin reached 18.51%, representing an improvement from 15.46% in the second quarter, showing an increase of 6 percentage points compared to 12.32% of Q3 2022. Operating profit reached NT$517 million, with a notable 264.51% increase quarter-over-quarter and a substantial 182.81% rise year-over-year. Net income of NT$426 million and net income attributable to shareholders of the parent of NT$414 million both reflected remarkable growth of 147.76% and 190.93%, respectively, compared to the same period last year. Based on 265 million outstanding shares, EPS was NT$1.57. For first three quarters of 2023, the company’s revenue amounted to NT$22.66 billion, with a gross margin of 15.37%. The net income totaled NT$767 million, while net income attributable to shareholders of the parent was NT$705 million, with an EPS of NT$2.68. ADATA 2023/Q3 Consolidated Financial Summary Item (in millions of NT$) 2023/Q3 2023/Q2 QoQ% 2022/Q3 YoY% Revenue 8,603 6,848 25.63 8,921 (3.56) Gross profit 1,592 1,058 50.44 1,099 44.89 Operating profit 517 142 264.51 183 182.81 Income before tax 607 370 64.01 357 69.85 Net income 426 284 49.96 172 147.76 Net income attributable to shareholders of the parent 414 267 55.39 142 190.93 Basic EPS (in dollars) 1.57 1.02 - 0.55 - ADATA October Sales Report (Consolidated) (Unit: NT$ million) Period October-23 M-O-M (%) Y-O-Y (%) Net sales 3,791 13.43 39.59 Sales by Product for October 2023: DRAM 53.64% SSD 30.69% Others 15.67% *Year 2023 figures have not be audited.
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