Revenue Performance - The group's revenue decreased from approximately €24.3 million for the nine months ended September 30, 2021, to approximately €21.9 million for the nine months ended September 30, 2022, a decline of about 9.9%[11] - Revenue from France decreased by approximately 20.3% to about €10.6 million, accounting for approximately 48.4% of total revenue for the nine months ended September 30, 2022[36] - Revenue from other European countries decreased by approximately 19.0% to about €5.3 million for the nine months ended September 30, 2022[36] - Sales of home phones decreased by approximately 9.6% to about €15.9 million for the nine months ended September 30, 2022[21] - Sales of elderly products decreased by approximately €0.9 million or 20.8% for the nine months ended September 30, 2022[22] - Sales to the Asia-Pacific, Russia, and the Middle East increased by approximately 11.1% to about €2.5 million compared to the same period in 2021[38] - Sales to Latin America grew by approximately 57.0% to about €3.5 million compared to the same period in 2021[39] Profitability and Loss - The company recorded a loss attributable to equity holders of approximately €0.9 million for the nine months ended September 30, 2022, compared to a profit of approximately €0.6 million for the same period in 2021[11] - The net loss for the nine months ended September 30, 2022, was €883,156, compared to a profit of €550,447 for the same period in 2021[62] - The operating loss for the nine months ended September 30, 2022, was €720,020, compared to an operating profit of €948,187 in the same period of 2021[62] - The company reported a basic and diluted loss per share of €0.22 for the nine months ended September 30, 2022, compared to earnings of €0.14 for the same period in 2021[62] - The total comprehensive loss for the nine months ended September 30, 2022, was €290,156, compared to a total comprehensive income of €710,635 for the same period in 2021[64] Cost Management - The cost of sales decreased from approximately €16.6 million for the nine months ended September 30, 2021, to approximately €15.8 million for the nine months ended September 30, 2022, a reduction of about 5.0%[40] - Gross margin decreased from approximately 31.6% for the nine months ended September 30, 2021, to approximately 28.0% for the nine months ended September 30, 2022, primarily due to increased material costs and the impact of the depreciation of the Euro against the US Dollar[40] - Selling and distribution expenses decreased from approximately €2.9 million for the nine months ended September 30, 2021, to approximately €2.5 million for the nine months ended September 30, 2022, mainly due to reduced marketing expenses[41] Corporate Governance and Dividends - The group did not recommend the payment of any dividends for the nine months ended September 30, 2022[12] - The board did not recommend the payment of a dividend for the nine months ended September 30, 2022[44] - No dividends were declared or paid for the nine months ended September 30, 2022, compared to €175,401,000 in dividends declared in 2021[81] - The board believes that good corporate governance is a key element in managing the group's business and affairs, and has complied with the corporate governance code as of September 30, 2022[57] Future Outlook - The company aims to increase market share in the home phone business by launching more optimized products across different price ranges and expanding sales regions[39] - The company anticipates that component shortages will gradually resolve by the fourth quarter of 2022, leading to a stable recovery in gross margins in the coming months[39] - The company views the complex business environment as an opportunity, with strong customer demand and a significant order backlog[39] Financial Summary - For the nine months ended September 30, 2022, the group reported total revenue of €21,948,070, a decrease of 10% compared to €24,349,125 for the same period in 2021[62] - The gross profit for the nine months ended September 30, 2022, was €6,135,878, down from €7,706,287 in the same period of 2021, reflecting a decline of approximately 20%[62] - The company’s financial costs for the nine months ended September 30, 2022, amounted to €371,095, an increase from €291,031 in the same period of 2021[62] - The group’s sales cost for the nine months ended September 30, 2022, was €15,812,192, compared to €16,642,838 for the same period in 2021, indicating a decrease of approximately 5%[62] - The deferred tax expense for the nine months ended September 30, 2022, was €242,842, compared to a tax benefit of €39,230 in the previous year, indicating a significant change in tax position[77] Product Development - The company continues to focus on the design and development of telecommunications products under the Alcatel, Swissvoice, and Amplicomms brands, targeting markets outside North America[69]
ATLINKS(08043) - 2022 Q3 - 季度财报