trending Market Intelligence /marketintelligence/en/news-insights/trending/Ld9kuXrTWqK96TxK0K3BjQ2 content esgSubNav
In This List

Howteh Technology swings to loss in Q1

Blog

Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022


Howteh Technology swings to loss in Q1

Howteh Technology Co. Ltd said its normalized net income for the first quarter was a loss of 19 Taiwan cents per share, compared with 15 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$9.7 million, compared with income of NT$7.7 million in the year-earlier period.

The normalized profit margin dropped to negative 2.8% from 1.6% in the year-earlier period.

Total revenue decreased 26.9% year over year to NT$344.9 million from NT$471.6 million, and total operating expenses declined 23.1% on an annual basis to NT$350.3 million from NT$455.4 million.

Reported net income totaled a loss of NT$13.5 million, or a loss of 27 cents per share, compared to income of NT$11.5 million, or 23 cents per share, in the year-earlier period.

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