TTM Technologies, Inc. Reports Net Loss of $5.8 Million in Q2 2023

TTM Technologies, Inc.(TTMI), a leading electronic compo nents and printed circuit board manufacturer, has released its unaudited financial statements for the second quarter of 2023. The company reported a net loss of $5.8 million for the quarter, marking a significant decline compared to the same period last year. Additionally, TTM Technologies' revenue for Q2 2023 also experienced a decrease, adding to the challenges faced by the company amid the evolving economic landscape.

Net Loss of $5.8 Million in Q2 2023

TTM Technologies, Inc. faced financial headwinds in the second quarter of 2023, reporting a net loss of $5.8 million. This loss is in contrast to the same quarter in the previous year when the company recorded a substantial net income of $17.2 million. The decline in net income indicates the company's struggles in navigating the complex market conditions during the period.

Revenue Decline in Q2 2023