Nanofilm's profit falls 28% YoY in Q3
The company attributed the decline to a challenging operating environment.
Nanofilm’s gross profit saw a 28% YoY decline in 3Q23, its latest financial statement showed.
The company attributed the decline to the challenging operating environment, which resulted in lower production volumes.
Nanofilm also saw its revenue drop. In 9M23, Nanofilm's revenue recorded a revenue of $128b, reflecting a 29% YoY decrease.
Of the total revenue, 81% was from its Advanced Materials Business Unit (AMBU).
The Nanofabrication Business Unit (NFBU) and Industrial Equipment Business Unit (IEBU) each contributed approximately 9%, respectively.