Icares Medicus, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 05, 2020 at 05:02 pm EDT
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ICARES Medicus, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 91.067 million compared to TWD 125.998 million a year ago. Operating income was TWD 17.555 million compared to TWD 40.840 million a year ago. Net income was TWD 6.621 million compared to TWD 29.595 million a year ago. Basic earnings per share was TWD 0.2 compared to TWD 0.89 a year ago. Diluted earnings per share was TWD 0.2 compared to TWD 0.88 a year ago. For the half year, sales was TWD 196.158 million compared to TWD 196.835 million a year ago. Operating income was TWD 46.682 million compared to TWD 46.806 million a year ago. Net income was TWD 30.127 million compared to TWD 36.995 million a year ago. Basic earnings per share was TWD 0.9 compared to TWD 1.11 a year ago. Diluted earnings per share was TWD 0.89 compared to TWD 1.11 a year ago.
Icares Medicus Inc is a Taiwan-based company mainly engaged in the authorization of high-end medical material surface treatment technology. The Company is also involved in the sale of surface treatment formulations and provision of customer surface treatment processing services, as well as the research and development, manufacture and sale of artificial lens and its implantation system. The Company's product revenue is mainly divided into three categories. The royalty income comes from the authorization of implantation/invasive high-end medical material surface treatment technology. The technical service income mainly includes implantation/invasive high-end medical surface treatment services, provision of medical coatings and foundry of artificial lens implantation systems. The sales of medical materials mainly include the sales of medical materials surface inspection equipment and other products. The Company distributes its products in domestic and overseas markets.
ICARES MEDICUS, INC. 
