Avit Ltd. Posted 31.3 Million Yuan Net Loss in First Three Quarters of 2022

Avit Ltd. (深圳市佳创视讯技术股份有限公司) (300264.SZ) reported a net loss of 31.3 million yuan in the first three quarters of 2022, narrowing 15.4% year-on-year.

Meanwhile, the company posted 126.1 million yuan in revenue, up 43.8% year-on-year.

At the end of the reporting period, it had 351.5 million yuan in total assets and 228.8 million yuan in total liabilities, with a liability-to-asset ratio of 65.1%.