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Analog Integrations Q1 loss narrows YOY

Analog Integrations Corp. said its first-quarter normalized net income came to a loss of 34 Taiwan cents per share, compared with a loss of 45 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$5.7 million, compared with a loss of NT$7.2 million in the year-earlier period.

The normalized profit margin rose to negative 10.5% from negative 12.1% in the year-earlier period.

Total revenue fell 7.9% year over year to NT$54.2 million from NT$58.9 million, and total operating expenses decreased 9.5% on an annual basis to NT$62.9 million from NT$69.5 million.

Reported net income totaled a loss of NT$9.1 million, or a loss of 55 cents per share, compared to a loss of NT$11.4 million, or a loss of 72 cents per share, in the prior-year period.

As of May 13, US$1 was equivalent to NT$32.68.