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Meta’s Reality Labs Lost $13.7 Billion in 2022

by Omid Rahmat

The company’s 2022 results has gotten the financial analyst tribe back on board especially as Mark Zuckerberg touted 2023 as the “year of efficiency.” Nevertheless the Meta Reality portion of the company continues to …

Tags:Financial Data| meta| Oculus VR

AMD’s Down 58% on Net Income in 2022

by Andy Patrizio

AMD reported fourth-quarter and fiscal-year 2022 results,  and its numbers mirror the trend we saw with Intel last week, which would lend credence to Intel’s claims of macroeconomic headwinds. For the fourth quarter ended …

Tags:AMD| Financial Data

Intel Reports Sharp Loss for 2022

by Andy Patrizio

The fourth quarter of the year has traditionally been Intel’s best for the year, but it reported a sharp loss for the quarter this time as sales stalled across all markets except Mobileye. In …

Tags:Financial Data| Intel

Corning Reports Fourth-Quarter and Full-Year 2022 Financial Results

by Artem Alekseenko

Corning announced its fourth-quarter and full-year 2022 results and provided its outlook for first-quarter 2023. Financial Performance Fourth-Quarter 2022 Full-Year 2022 First-Quarter 2023 Outlook Wendell P. Weeks, chairman and chief executive officer, said:  In …

Tags:Corning| Financial Data

Samsung Profits Go Down to 8-Year Low

by Omid Rahmat

Dragged down by memory chip sales, Samsung’s 2022 show the company continuing to invest heavily in capex to take a hit in profits. But there was some good news from Samsung Displays (SDC): SDC …

Tags:Financial Data| Samsung

LG Display Announces Record Operating Loss

by Omid Rahmat

LG Display reported unaudited earnings for the three-month period ending December 31, 2022. Revenues in the fourth quarter of 2022 increased by 8% to KRW 7,302 billion ($5.914 billion) from KRW 6,771 in the …

Tags:Financial Data| LG Displays (LGD)

3M’s Down But Investing in Display Technologies

by Omid Rahmat

In 2022, 3M saw a 3.2% drop in revenues from the previous year, and a miss on earnings targets. As a result it is reducing its workforce by 2,500 because of the loss of …

Tags:3M| Financial Data| LCD| OLED| optical film

LG Releases Preliminary Earnings for Fourth-Quarter 2022

by Emory Kale

LG Electronics (LG) announced its preliminary earnings results for the fourth quarter and full-year of 2022. The company’s annual revenue for 2022 surpassed KRW 80 trillion for the first time in its history. LG …

Tags:Financial Data| LG Electronics (LGE)

Samsung Will Use Its Cash in 2023

by Omid Rahmat

The last major M&A deal of Samsung, the world’s largest memory chip and smartphone vendor, came in 2016, when it acquired U.S.-based Harman International Industries, specializing in connected car solutions, for US$8 billion. In …

Tags:Financial Data| Samsung

Innolux Sees a Drop of 36.1% From 2021 to 2022 with December Numbers

by Omid Rahmat

Innolux Corporation (“INX”) today announced its December 2022 unaudited consolidated revenue of NT$ 16.1 billion, a decrease of 0.4% MoM and a decrease of 39.2% YoY, respectively. During December 2022, INX shipped 9.75 million …

Tags:Financial Data| Innolux| LCD| LED| MicroLED| MiniLED

Daktronics Explains ‘Going Concern’ Audit Comments

by Bob Raikes

What They Say Daktronics said that qualifications added to the firm’s audit that suggested that there was doubt in its ‘ability to continue as a going concern’ and late filing of its annual report. …

Tags:Daktronics| Financial Data| Reorganisation & Restructuring