【Hsinchu, Taiwan, March 17, 2022】Accton Technology, a premier provider of communications solutions, reported financial results for the period ending December 31st, 2021, as approved by the Board of Directors.
The Board of Directors has also approved the following additional proposals: the distribution of 2021 earnings, the date of 2022 Annual Shareholders Meeting, the issuance of Restricted Stock Awards, the issuance of the 1st domestic unsecured convertible bond and the long term lease agreement for the factory in the Nanliao logistics park.
The above proposals approved by the Board of Directors are important to the long-term growth of the Company, including talent retention product development and manufacturing capacity. The Company expects to achieve the targets by leveraging the appropriate tools to achieve the desired goals.
The annual revenue of 2021 has increased, though earning was lower than in 2020. As to the revenue growth in 4Q21, the main driver was due to the accounting requirements of certain customers. For 2022 guidance, the Company will closely collaborate with our customers to accelerate delivery of 400G. As to operational strategy, Accton will be highly committed to the talent incubation and innovation for sustained long term growth . Accton will also continue to strengthen the flexibility between the manufacturing capacity and supply chain management.
Summary of Accton Board meeting (2022/03/17)
Highlights of Accton’s Q4 2021 results:
• Consolidated revenue:
• Consolidated operating margin and operating profit:
• Consolidated net income:
• Earnings per Share (EPS)
