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Texas Instruments Inc [TXN] reports annual net loss of $6.5 billion
Company Reports Revenue of $17.5 billion
TEXAS INSTRUMENTS INC [TXN] has reported a net loss of $6.5 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $17.5 billion
Based in Dallas, Texas, TEXAS INSTRUMENTS INC operates in the MANUFACTURING sector.
In the 12 months ended December 31, 2023, the revenue of the company amounted to $17.52 million, reflecting a decrease from the previous year's revenue of $20.03 million in the same period. This decrease is primarily attributed to lower sales volumes or pricing adjustments.
The cost of revenue (COR) for the current reporting period was $6.50 million, compared to $6.26 million in the previous year. This resulted in a gross profit of $11.02 million for the current period, down from $13.77 million in the previous year.
