Integrated Micro-Electronics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 12:03 am EDT
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Integrated Micro-Electronics, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 345.07 million compared to USD 356.91 million a year ago. Net loss was USD 82.91 million compared to USD 3.55 million a year ago.
For the six months, sales was USD 691.89 million compared to USD 690.86 million a year ago. Net loss was USD 83.66 million compared to USD 5.51 million a year ago. Basic loss per share from continuing operations was USD 0.038 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 Company operates through segments, including Philippines, Singapore/China, Bulgaria, Czech, Mexico, USA, and Japan. 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. The Company 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.
INTEGRATED MICRO-ELECTRONICS, INC. 
