Integrated Micro-Electronics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 03, 2024 at 12:00 am EDT
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Integrated Micro-Electronics, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 1,325.66 million compared to USD 1,409.02 million a year ago. Net loss was USD 109.19 million compared to USD 6.76 million a year ago.
Basic loss per share from continuing operations was USD 0.049 compared to USD 0.003 a year ago.
Integrated Micro-Electronics, Inc. (IMI) is a provider of electronics manufacturing services (EMS) and power semiconductor assembly and test services. The Companyâs geographical segments are segregated as follows: Philippines, China, Europe, Mexico, Germany/UK, and USA/Japan/Singapore/IMI UK. IMI exports printed circuit board assemblies (PCBA), flip chip assemblies, electronic sub-assemblies, box build products and enclosure systems. It also provides a range of solutions, including product design and development, test and systems development, automation, advanced manufacturing engineering, and power module assembly, among others. It serves diversified markets, such as the automotive, industrial, medical, storage device, and consumer electronics industries, and non-electronic products (including automobiles, motorcycles, and solar panels, among others) or parts, components, or materials of non-electronic products, as well as to perform and provide information technology services.