Acer Reports Net Income for Q3 2022 at NT$1.88 Billion, for Year-to-September at NT$5.84 Billion with EPS NT$1.94

TAIPEI, Nov. 3, 2022 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2022: consolidated revenues were NT$64.89 billion; gross profits ended at NT$6.56 billion with 10.1% margin; operating income was NT$829.61 million; and net income ^[1] was NT$1.88 billion, which was up 8.8% from the previous quarter or down 37.8% year-on-year (YoY).

For year-to-September, Acer generated consolidated revenues of NT$215.59 billion, net income of NT$5.84 billion, which was down 32.6% YoY, and earnings per share (EPS) of NT$1.94.

Business highlights:

• The public subsidiaries have all announced their business results with profitability. They contributed to 43% of total operating income of the Acer Group while accounting for 16% of total revenues.
• Acer strives to optimize its financial position by enhancing its supply chain management and product sell through:
• Inventory level was NT$58.13 billion, a reduction of NT$5.31 billion and marks a continuous reduction from the first quarter
• Cash flow from operations was NT$11.78 billion

About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

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